Posts tagged as:

Bailout

Should bailout package absolve borrowers, not lenders?

June 7, 2010

Instead of saving the banks and financial institutions by buying up all this bad debt, and effectively making the individual home owner pay TWICE for his or her mortgage (once for the note, and once for the tax burden from the $700B package), should we not just absolve the lender of the debt. Step 1: [...]

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What does this financial bailout mean for FHA loans?

May 30, 2010

I am currently locked into an interest only, land-contract in attempt to buy my first home. I have very shaky credit, FIA score of 563 but have been settling old accounts for a year to raise it up. When I started the process I was told I needed a minimum FICA of 580 to secure [...]

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How may of you really think there should be no serious oversight with a 700 billion bailout to the banks?

May 28, 2010

I’ve heard some republicans on the news voicing that they want a private market solution–with our tax dollars–and I also heard that McCain didn’t help, in fact it’s said that the agreement was NOT reached because of McCain. So I have 2 questions for both, dems, and repubs. Do you think the government should lay [...]

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Why don’t the banks just give loans to the Big 3? Didn’t they just recieve a 700 Billion dollar bailout?

May 27, 2010

I think it would be a pretty secure loan for them, at least there would be some collateral in the deal with all the factories and equipment. A much sweeter deal then what the taxpayers got. What kind of collateral did the banks put up for their money?

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In your opinion, is this economist correct in his assessment that bankruptcy is better than a bailout?

May 2, 2010

Excerpts: This bailout was a terrible idea. Here’s why. The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that [...]

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