The Foreclosure Bailout - Should This Be Another Separate Stimulus Package?

Life Long Dem

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Mon Feb-02-09 10:13 PM
Original message

Poll question: The Foreclosure Bailout - Should This Be Another Separate Stimulus Package?

Edited on Mon Feb-02-09 10:16 PM by Life Long Dem

Should This Be A Separate Stimulus Package?

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Fovea

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Mon Feb-02-09 10:27 PM
Response to Original message

1. all mortgages tranched

that cannot be reduced to a note between a note issuer and a mortgagee should be forfeit.

All others should be examined for predatory lending, and renegotiated if found so.
Banks that go under should transfer intact notes and assets that can be identified to HUD and the Treasury.

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Life Long Dem

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Mon Feb-02-09 10:41 PM
Response to Reply #1

3. I think the question should be raised on where the stimulus should go.

I don't do a very good job of getting a discussion going on this. Before the above question can be answered we need to decide if the stimulus is for foreclosures or jobs?

And foreclosure bailouts is not from the bottom up. What happens when you lose your job and now have 3 part time jobs to pay for rent and "still" no jobs?

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Fovea

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Tue Feb-03-09 12:59 AM
Response to Reply #3

8. i do understand

but as a way of maintaining what is left of the middle class, foreclosure relief is a good place to start.
and the more middle class we can maintain, the smaller the ultimate depression.

Jobs will drive the recovery, but if foreclosure cessation can be put on the back of the large thrifts that are giong to fail anyway, and dealt with in a way that provides a result that can be utilized, like property to the faliures, I think it is a way to go.

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Frank Booth

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Mon Feb-02-09 10:36 PM
Response to Original message

2. Hell No.

The government has already encouraged enough irresponsible behavior. It's time to stop.

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TahitiNut

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Mon Feb-02-09 10:56 PM
Response to Original message

4. "You're" ... not "Your" (The dreaded Homonym Virus strikes again!)

Just a short trip down Spelling Nazi Lane. :silly:

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Life Long Dem

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Mon Feb-02-09 11:05 PM
Response to Reply #4

5. TahitiNut how have you been? Long time no hear from!

Glad to know some are still around and correcting my grammar. :-) Oh yeah...And THAT'S... Women and NOT Woman! Yikes! :yoiks:

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Pirate Smile

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Mon Feb-02-09 11:09 PM
Response to Original message

6. Obama wants and is working on a separate bill to deal with just the housing and foreclosure issues.

The Republicans want the housing issue dealt with inside the stimulus bill.

I'm with Obama on this one.

The Housing crisis is too complicated to try to throw into a jobs and infrastructure spending bill.

He is also working on a separate bill to deal with re-regulating the financial industries and banking.

I know. People wonder why it is taking so long. For Gods-sake, the man has been President for a full 13 days already. Shouldn't he have done all this already?

And where is the Mid-East Peace deals? Sure, he already had a high-level envoy in the region meeting with people less then a week after he was inaugurated but still ... what a slacker.

:eyes:

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Life Long Dem

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Mon Feb-02-09 11:17 PM
Response to Reply #6

7. Yeah I know... He brings in the Mid-East while the stimulus crisis is being written up

Edited on Mon Feb-02-09 11:17 PM by Life Long Dem

He can multitask. He is a strong leader and the President of these United States of America.

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