Comments on: While you were distracted: $75 billion mortgage bailout kicks off

By: Michelle Malkin » The death of the stigma of default revisited

Michelle Malkin » The death of the stigma of default revisited — Mon, 30 Nov 2009 17:35:01 +0000

[...] permanent mortgage modifications — a new entitlement supported by both parties that is a recipe for more and more mortgage defaults and even bigger entitlements for wealthier homeowners looking [...]

By: Liberty Stop

Liberty Stop — Sun, 31 May 2009 20:12:37 +0000

More Taxpayer Looting: This Time for Mortgages…

Image by through via Flickr Not tired yet of getting looted by government bailouts? Well, Michael Shedlock of Mish’s Global Economic Trend Analysis has an article titled More Prime Foreclosures; More Re-Defaults that will get your bloo…

By: Michelle Malkin » Washington’s recipe for more mortgage defaults

Michelle Malkin » Washington’s recipe for more mortgage defaults — Mon, 06 Apr 2009 11:01:28 +0000

[...] month, you’ll recall, the Obama administration went ahead with a doomed $75 billion mortgage mod plan — a bad idea that Republicans had pimped as [...]

By: Michelle Malkin » Blue Dogs will roll over on cramdown bill; will GOP stand united against it?

Thu, 05 Mar 2009 15:59:53 +0000

[...] Chris Dodd-backed bill to empower bankruptcy judges to meddle in private loan contracts (noted here [...]

By: Random-American

Random-American — Thu, 05 Mar 2009 02:50:27 +0000

Keep spreadin the word! YOUR Mortgage is not MY problem!

By: shooter

shooter — Thu, 05 Mar 2009 00:27:08 +0000

Remind me again: Why does anyone pay their mortgage on time, anymore?

It’s painful but morals, ethics and honor are worth it in the long run.
We can look in the mirror, those others.. will never care.

This all really started when ‘they’ took God out of the schools.

By: CrazyFool

CrazyFool — Wed, 04 Mar 2009 21:39:13 +0000

Unfortunately, those who enjoyed the excess for the last 5 to 10 years will be saved by us and so instead of witnessing the parable of the Ant and the Grasshopper, instead we will witness the prodigal son.

Not even that. At least the good, hard-working Son got his inheritance in the end. In this case the Prodigal Son returns and father Obama goes ahead and give him _your_ inheritance too and then expects you to keep doing all the work while the Prodigal Son goes back out and parties…..

By: Gothguy

Gothguy — Wed, 04 Mar 2009 21:12:42 +0000

I guess I should not have been paying my mortgage on time, and I guess I should not have refinanced it on my own.

But then again, I live within my means.

By: cheapseat

cheapseat — Wed, 04 Mar 2009 20:27:50 +0000

so all we have to do is sign a contract on a piece of property we know we can’t afford. have that property become upside down due to market forces, and obie will take care of that contract and lower it to the point i can afford it. so i’m off to see the bentley dealer. it wil be upside down the instant i drive off the lot, and by the time i get home, it will blue book for 25% less than i signed the contract for. oh obie, could you please fix this for me.

By: sonofdy

sonofdy — Wed, 04 Mar 2009 20:23:00 +0000

Can you say “blithering idiot?

yes : Timothy Geithner

I knew you could.

Thanks. blushes…

By: tarpon

tarpon — Wed, 04 Mar 2009 20:18:52 +0000

Jeff2161 said:

Free Money…Get yer free money here…

Why work when the money is free — Concentrate on gaming the system, not productive work. that seems to be what the Acting President Obama wants as he attempts to payback those he sees responsible for the inequity of capitalism.

Remember Rev Wright’s sermon as related by Obama in his book … ‘Dreams of My Father’ … Page 293 (paperback edition)

Obama remembers a sermon by Rev. Jeremiah Wright:

“… It is this world, a world where cruise ships throw away more food in a day than most residents of Port-a-Prince see in a year, where white folks’ greed runs a world in need, apartheid in one hemisphere, apathy in another hemisphere … That’s the world! On which hope sits.”

And so it went, a meditation on a fallen world. While the boys next to me doodled on their church bulletin, Reverend Wright spoke of Sharpesville and Hiroshima, the callousness of policy makers in the White House and in the State House. …

If you want more, might I suggest you read Michelle Obama’s thesis … hate filled, racist laced diatribe against the same people. And while you are at it, read up on Alyinski’s “rules for radicals”.

By: Pasadena Phil

Pasadena Phil — Wed, 04 Mar 2009 20:18:13 +0000

Speaking of creating zombies, will we now be referring to the “EEK!!!onomy” while citing various DIE!!!chotomies”?

Just askin’.

By: Pasadena Phil

Pasadena Phil — Wed, 04 Mar 2009 19:59:13 +0000

It’s called preventing the market from resolving the problem. That is the “stagnation” part of stagflation is all about. Money either flows or stagnates. It’s also the reason why command economies don’t work. All it creates is zombies, the living dead.

By: corona

corona — Wed, 04 Mar 2009 19:54:48 +0000

” … help make housing more affordable and help arrest the damaging spiral in our housing markets,” Treasury Secretary Timothy Geithner

Can you say “blithering idiot?

I knew you could.

By: txvet2

txvet2 — Wed, 04 Mar 2009 19:37:49 +0000

On March 4th, 2009 at 2:12 pm, RabbidSquirrel said:

Remind me again: Why does anyone pay their mortgage on time, anymore?

::sigh:: Because some of us still have ethics

And some of us care about our credit ratings.