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texshelters (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 01:51 PM Original message |
What should be done about the mortgage crisis? |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 01:54 PM Response to Original message |
1. Just my opinion |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 01:54 PM Response to Original message |
2. Nothing. Let bad loans default, let investors lose their money, let the world norrmalize |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 02:03 PM Response to Reply #2 |
4. I agree with you. My grandson and his family lost their first home |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 02:06 PM Response to Reply #2 |
5. We do have to make sure the whole system doesn't crack up in the process. |
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flvegan (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 02:01 PM Response to Original message |
3. In many cases, the banks could fix this problem themselves. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 09:54 PM Response to Reply #3 |
24. As if they weren't making enough on usurious rates on credit |
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TheFarseer (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 02:08 PM Response to Original message |
6. We should encourage companies to |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 02:08 PM Response to Original message |
7. Nothing for the homedebtors. Failing lenders should be nationalized and liquidated. |
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texshelters (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 03:03 PM Response to Reply #7 |
9. Good comments. However, not all lenders are scrupulous. |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 03:08 PM Response to Reply #9 |
10. I don't disagree that predatory lending was a problem... |
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texshelters (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:42 PM Response to Reply #10 |
15. That's kind of what I was saying |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 11:42 PM Response to Reply #10 |
28. In California, we have anti-deficiency laws. |
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AP (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 06:36 AM Response to Reply #28 |
32. The down-side of the anti-deficiency law is the hit you take on taxes if you default |
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ruiner4u (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 11:16 PM Response to Reply #10 |
39. I cant believe I actually agree with you... |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 11:32 PM Response to Reply #7 |
25. I believe that the result of the subsidies to the banks |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 02:09 PM Response to Original message |
8. Have the government buy up mortgages that are distressed from the bottom 25% of values |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 03:13 PM Response to Original message |
11. Three things - First, allow the market to correct itself |
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Sherman A1 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 02:51 AM Response to Reply #11 |
31. Agreed & Well Said |
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joe_sixpack (655 posts) Send PM | Profile | Ignore | Sun Mar-30-08 12:46 PM Response to Reply #11 |
35. I agree that financial education is woefully inadequate in our country |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 03:18 PM Response to Original message |
12. immediate moratorium on foreclosures |
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texshelters (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:46 PM Response to Reply #12 |
16. ...deregulation that happened under Bill Clinton. |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 03:19 PM Response to Original message |
13. What about me? |
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texshelters (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:50 PM Response to Reply #13 |
17. I am not sure what fair is |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 08:04 PM Response to Reply #17 |
22. They get my sympathy too |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:52 PM Response to Reply #13 |
19. No and you make excellent points nt. |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 08:04 PM Response to Reply #19 |
23. Thank you Whutgives |
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AP (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 11:40 PM Response to Reply #13 |
27. How are you hurt by not seeing others miserable? |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 12:34 PM Response to Reply #27 |
34. How? Are you kidding? |
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AP (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 11:07 PM Response to Reply #34 |
38. Do you think people need to be foreclosed on and move in with their parents for you to be able to |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Tue Apr-01-08 05:42 AM Response to Reply #38 |
40. So what you're say is |
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AP (1000+ posts) Send PM | Profile | Ignore | Tue Apr-01-08 06:40 AM Response to Reply #40 |
41. Conjugation notwithstanding, I still don't understand what you think should happen |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 11:46 PM Response to Reply #13 |
29. You should not worry. |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 03:32 PM Response to Original message |
14. Create $2T dollars and allow all to refinance at 2%... |
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kiranon (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 01:47 PM Response to Reply #14 |
36. Make it 5% and assumable and problems would be over |
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Thickasabrick (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:51 PM Response to Original message |
18. We need to suck it up but help people who were screwed. |
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Mike03 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:57 PM Response to Original message |
20. It's a very difficult situation. At first, I liked Al Franken's idea about imposing |
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Mike03 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 07:59 PM Response to Original message |
21. *Scoff* So is your post just an advert for some sort of tax maneuver? NT |
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AP (1000+ posts) Send PM | Profile | Ignore | Sat Mar-29-08 11:34 PM Response to Original message |
26. Part of the solution has to be to bring home prices down. |
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CT08 (17 posts) Send PM | Profile | Ignore | Sat Mar-29-08 11:51 PM Response to Original message |
30. read my thread |
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KillCapitalism (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 08:49 AM Response to Original message |
33. Let the market "correct" home prices. |
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AP (1000+ posts) Send PM | Profile | Ignore | Tue Apr-01-08 06:43 AM Response to Reply #33 |
42. By your math, prices aren't too high. Average two-income family would make 60k-70k, |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Mar-30-08 07:09 PM Response to Original message |
37. Prosecutions not bailouts |
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