Too bad that liberals will never understand why… Homeowners who should never have received a mortgage are re-defaulting, even after having their loan terms renegotiated. Meanwhile, to “bail out” the homeowner in this economic downturn the Congress is considering…. buying and renegotiating loans for homeowners nearing or in default. Go figure. “The results, I confess, [...]
Posts Tagged ‘mortgage crisis’
It’s Personal Responsibility, Stupid
Posted by BobG on December 9th, 2008
Posted in The Loony Left 
Tags: bailout, homeowners re-defaulting, john dugan, mortgage crisis 
No Comments »The Truth: What Obama and McCain won’t tell you about your money
Posted by BobG on October 8th, 2008
Some straight talk, not from the “Straight Talk Express” or the “Messiah for Change,” but from an American entrepreneur: Not all homeowners deserve to stay in their houses. Renting is a perfectly reasonable alternative, but the idea of Americans “losing their houses” is politically untenable. Why? Because America perpetuates a mistaken culture of homeownership. Owning [...]
John Linder : Government Should Stay Out of Capitalist Market
Posted by BobG on October 6th, 2008
We could put the 10,000 brightest people in the world in a room to attempt to find the right solution to our economic problems and they still could not make a decision as wise as the result of millions of tiny decisions made every day in the market. Markets are efficient. They punish bad behavior and reward good behavior.
Three Steps to Change the Nation’s Future
Posted by BobG on October 1st, 2008
Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy.
Posted in Politics & Government Tags: dave ramsey, mark to market, mortgage bailout, mortgage crisis No Comments »
