Obama promised a 3 month moratorium on foreclosures. Do you think that by blocking banks from foreclosing on mortgages that are in default will make even more people who are struggling decide not to meet their mortgage obligations?
He speaks only for the people who have shown good faith and one who are trying and only for the banks that have been bailed out
So…no will not mean disaster…for the bnks BUT will be disaster for people who just got pink slips all over the country….time to help those who help themselves!!!
Sure Does!
What the small socialist mind doesn’t comprehend – our financial institutions run on small percentages. If the default percentages hit a certain point – markets freeze up – capital won’t be exchanged – businesses start failing – unemployment rises. Stalling payments will only exacerbate the problem.
Spread this video – Expose Obama before it’s to late.
Current Financial Crisis – How did we get here?
http://www.youtube.com/watch?v=j48kIR9q0EE
Another perspective on the same story:
Obama, ACORN & Their Starring Role in the Mortgage Crisis
http://www.therant.us/staff/fsalvato/2008/10102008.htm
Lets circumvent the slanted news media!
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REMEMBER: 95% (that’s NINETY-FIVE PERCENT) of Americans are paying their mortgages ON TIME. This issue is overblown and is being used as a diversionary tactic, i.e., housing vs. real issues like past associations and birth certificates.
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No it won’t. You seem more concerned with the banks than the people
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If you cannot pay your monthly mortgage payment now– a three month moratorium will not help you.
After the 3 months is over you still will not be able to make timely payments. Broke people should NOT own homes.
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No, first of all this applies only to banks who recieve the federal bail out money.
Second no, people aren’t going to simply elect not to pay their mortgage because a bank would have to go 90 days before it could forclose. When you’re a grown up and have responsibilities like a mortgage, you will realize people do actually take these responsibilities very seriously.
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No, what I find funny about the whole thing is that George Bush came up with that idea a long time ago….even before the bailout. The house and senate wouldn’t approve it. Surprise…surprise.
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No because property isn’t moving right now, Foreclosures are expensive, and the plan is set to keep people in their homes that have proven that they are willing if able to start making payments again. It’s a win-win.
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He speaks only for the people who have shown good faith and one who are trying and only for the banks that have been bailed out
So…no will not mean disaster…for the bnks BUT will be disaster for people who just got pink slips all over the country….time to help those who help themselves!!!
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No. What good is a foreclosed property to a bank when there is already a glut of homes on the market? If anything, it will give the borrowers more time which is what they need. Ending foreclosures is the first step in a real estate recovery, which is what the mortgage lenders want.
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It just means a bunch of people won’t make their house payment for three months, because the lender will have no recourse…
If you can’t afford the house now, you won’t be able to, in 90 days either…
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Obama wants to give 3 month moratorium on foreclosures because he does not want people to loose their houses while the plan to keep them in their houses is worked out.
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