Feds Free Up More Money For Mortgages

I feel for those who are in jeopardy of losing their home but, I do not feel that the tax-payers should be bailing out these people. If they were scammed into their loan then the liability should lie with the loan company not us. I was offered one of these wacky loans when I purchase my home and declined it. That is my responsibity not, my countries.

Thats all well and fine BUT...the problem now is getting mortgage insurance for these loans. Underwriting standards are touger then ever and any subprime that is left also have tougher underwriting standards still leaving some of these borrowers with out any financing.

This is a smart & right move to help our U.S. economic market.

Coogle wrote:

This is a smart & right move to help our U.S. economic market.

For the fradulant loan companies who created this mess too...So they live another day.I am tired of paying for the bad decissions of others

Although I understand Rob's feelings regarding it not being the taxpayers burden, it actually does become their burden in the long run. If people become homeless, vacant houses become vandalized, decrease the neighborhood's values occur, increase overall crime, leave children and elderly homeless, who will end up paying...taxpayers. So in addition to the loan companies, the government has to intervene. This is why we have a government, to look out for the people. Most of the folks who got hurt also paid and are paying taxes too. What people also don't realize that if the US housing market continues in this way, we are losing more than just home. Abroad we don't look like a strong country. That effect is also pretty devastating.