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Reply #19: Most likely it's a plan whose purpose is to help the lenders [View All]

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Mike03 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-30-07 03:11 PM
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19. Most likely it's a plan whose purpose is to help the lenders
People are beginning to walk away from their homes. The last thing the banks need now is several million unsellable homes, not to mention the cost and time of the litigation necessary to determine which party gets which security. Bush's plan will keep subprime homeowners making a monthly payment on the mortgage.

Nevertheless, the plan is a little piece of gauze trying to staunch the flow of blood from a machete wound.
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  -Bush is "working on a plan" to save homeowners... Virginia Dare  Nov-30-07 02:42 PM   #0 
  - Trailers provided by contractors?  mmonk   Nov-30-07 02:43 PM   #1 
  - Be afraid. Be very afraid.  Kutjara   Nov-30-07 02:45 PM   #2 
  - You can bet it's in the can.  TomInTib   Nov-30-07 02:52 PM   #7 
  - Nonsense. He managed the Texas Rangers and dropped that deadweight Sammy Sosa.  blondeatlast   Nov-30-07 04:21 PM   #24 
  - He'll buy your house for 3 cents on the dollar.  Atman   Nov-30-07 02:49 PM   #3 
  - God save the homeowners.  AuntPatsy   Nov-30-07 02:49 PM   #4 
  - I'm sure it'll be a heckuva plan  NewJeffCT   Nov-30-07 02:50 PM   #5 
  - Let Me Guess: Huge Tax Cut For The Rich, Everyone Else Get's A $300 Check  Beetwasher   Nov-30-07 02:51 PM   #6 
  - I'm sure everyone feels better knowing this.  nancyr   Nov-30-07 02:52 PM   #8 
  - Renters aren't exempt from losing a place to live.  Lars39   Nov-30-07 02:55 PM   #11 
  - No, he's working on a way to bail out the mortgage cos  supernova   Nov-30-07 02:52 PM   #9 
  - oh shit.  Myrina   Nov-30-07 02:53 PM   #10 
  - You mortgage will be forgiven  DBoon   Nov-30-07 03:00 PM   #12 
  - Bullshit: they will bail out the lenders, not the borrowers.  Warren Stupidity   Nov-30-07 03:01 PM   #13 
  - This was an obvious move by banks. I'm guessing Bush is just taking credit for something already in  Flabbergasted   Nov-30-07 03:04 PM   #14 
  - same bush whose brother was a player in Silverado Savings & Loan?  havocmom   Nov-30-07 03:06 PM   #15 
  - I smell another 300 dollar check coming  shadowknows69   Nov-30-07 03:07 PM   #16 
  - Wells Fargo is one of the absolute worst of them.  chimpsrsmarter   Nov-30-07 03:08 PM   #17 
  - Is it a SECRET PLAN?  underpants   Nov-30-07 03:08 PM   #18 
  - Most likely it's a plan whose purpose is to help the lenders  Mike03   Nov-30-07 03:11 PM   #19 
  - Exactly right..  Virginia Dare   Nov-30-07 06:07 PM   #30 
  - its not the homeowners he cares about. its the banks and mortgage co.s  bullimiami   Nov-30-07 03:14 PM   #20 
  - Hopefully it involves resigning.  Justyce   Nov-30-07 03:26 PM   #21 
  - Translation: doesn't have a plan yet. n/t  Orsino   Nov-30-07 03:29 PM   #22 
  - He's probably giving a no bid contract to a tent maker. nt  Vinca   Nov-30-07 04:17 PM   #23 
  - He's using all 64 colors on it!!  SalmonChantedEvening   Nov-30-07 05:27 PM   #25 
  - Posters keep asking what the plan is.  Mike03   Nov-30-07 05:30 PM   #26 
  - That's what's being floated by the industry..  Virginia Dare   Nov-30-07 06:04 PM   #29 
  - Whenever he says he's going to "help", the result is usually destruction.  Cass   Nov-30-07 05:39 PM   #27 
  - Now I'm getting worried  madokie   Nov-30-07 05:44 PM   #28 
  - Ohhhh gawd! Is he putt'n food on their families?  lonestarnot   Nov-30-07 07:59 PM   #31 
  - Just like his tax cuts, it will be....  Kansas Wyatt   Nov-30-07 08:07 PM   #32 
 

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