"Obama Seeks The Ultimate Free Lunch For Housing, And It's A Bank Bailout In Disguise" "One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent, according to two people briefed on the administration’s discussions who asked not to be identified because they were not allowed to talk about the information." ... [more]
"Obama Seeks The Ultimate Free Lunch For Housing, And It's A Bank Bailout In Disguise"
"One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent, according to two people briefed on the administration’s discussions who asked not to be identified because they were not allowed to talk about the information."
http://www.businessinsider.com/obama-seeks-the-ultimate-free-lunch-for-housing-and-its-a-bank-bailout-in-disguise-2011-8
Why rent? Just buy a house you can't afford and the taxpayers will bail you out. Stop being a sucker! Free money, biotch!
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Response by hofo
almost 15 years ago
Posts: 453
Member since: Sep 2008
Are banks still offering no money down NINJA loans? Love to take one out to buy the whole building. If not profitable, you guys will bail me out. NICE!
Ignored comment.
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Response by ekartash
almost 15 years ago
Posts: 364
Member since: Jun 2007
you do realize that 4% is only slightly lower than today's average 30 year? and for those who are under water and are paying 6%, or whatever that amount is, a move to 4% will not make that much of a difference if they don't have a job.
now, if obama came out and said that the principal on your mortgage can be reduced to whatever the house is currently worth, than we're talking!!
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Response by falcogold1
almost 15 years ago
Posts: 4159
Member since: Sep 2008
Cry baby losers and burdens to society.
Boo Hoo...
I bought a home that was too expensive at the hight of an over heated bubble.
Boo Hoo...
I don't want to be held responsible for my actions
Boo Hoo...
It's the banks falt, no the mortgage broker, no my state senator...It can't be my falt!
I was duped! I didn't even really want a big house. I was the pressures of the media and society.
Boo Hoo...
Please Mr. President, If you're not going to punish the bad people who did this, at least punish all the people who were responsible enough to make careful personal economic decisions.
Ignored comment.
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Response by Wbottom
almost 15 years ago
Posts: 2142
Member since: May 2010
and then there's the whine:
i am an excellenet banker---i lent money to all these morons because my comp was set up that i get paid at the time of the lend, not after the deal has played out--nad then when i securitize all the shit loans i make i get paid again--and nothing of this stuff makes any business sense, but wwho gives a fuck cuz hankie paulson bernanke and geithner will baill me out--these fucking paul stuart suits cost a bundle dammit--and so does my hamptons house--and my kids' 3004/hr tutors---wtf they owe me---
pls mr president and all you elizabeth warren haters---save our country--give more money to our banking sysytem
Are banks still offering no money down NINJA loans? Love to take one out to buy the whole building. If not profitable, you guys will bail me out. NICE!
you do realize that 4% is only slightly lower than today's average 30 year? and for those who are under water and are paying 6%, or whatever that amount is, a move to 4% will not make that much of a difference if they don't have a job.
now, if obama came out and said that the principal on your mortgage can be reduced to whatever the house is currently worth, than we're talking!!
Cry baby losers and burdens to society.
Boo Hoo...
I bought a home that was too expensive at the hight of an over heated bubble.
Boo Hoo...
I don't want to be held responsible for my actions
Boo Hoo...
It's the banks falt, no the mortgage broker, no my state senator...It can't be my falt!
I was duped! I didn't even really want a big house. I was the pressures of the media and society.
Boo Hoo...
Please Mr. President, If you're not going to punish the bad people who did this, at least punish all the people who were responsible enough to make careful personal economic decisions.
and then there's the whine:
i am an excellenet banker---i lent money to all these morons because my comp was set up that i get paid at the time of the lend, not after the deal has played out--nad then when i securitize all the shit loans i make i get paid again--and nothing of this stuff makes any business sense, but wwho gives a fuck cuz hankie paulson bernanke and geithner will baill me out--these fucking paul stuart suits cost a bundle dammit--and so does my hamptons house--and my kids' 3004/hr tutors---wtf they owe me---
pls mr president and all you elizabeth warren haters---save our country--give more money to our banking sysytem