DISQUS

Blown Mortgage: Congress Adjournment and Artificial Deadlines

  • scoffer · 1 year ago
    I can think of "a few" irresponsible actions by politicians that could top an adjournment.
  • CollateralDamage · 1 year ago
    Touche! and well said.
  • larry g · 1 year ago
    what would stimilate the economy is reducing rates on mortgages to about 4.75% for a 2 month period backed by the government. more people would consolidate debt with a refinance of their property, more people would buy properties at such low rates and this would also get housing on the move, it would help home improvement stores and other companies.
  • michaelh · 1 year ago
    Will not do anything if only for two months. How about 4.75% for three years and if your home appreciates over the value it has now we get something back!
  • Robert Gauthier · 1 year ago
    typically these sorts of deals are worked before presenting them to congress-that is what is going on. Staying in session lets both sides make election speeches when meeting in private to hammer out details is best, this is governing 101.
  • R. Allan · 1 year ago
    There is nothing more dangerous than when those responsible for a nation’s troubles are believed to be its savior.

    Yeah, The congess can do less harm back home.
  • Unbeleivable · 1 year ago
    Cool-Aid ...... Bush Cool-Aid ...... that is all I have to say. More crap down your thoat you'll regret as soon as the truth is revealed.
  • GJ · 1 year ago
    Homes are not going to appreciate for some time so low rates will do nothing to help people buy more houses. They need to force banks to take their medicine and oh my god too bad people can not spend $3000 on Christmas gifts for their kids because they have no credit. It is time for people to learn how to live by what they make.
  • Don · 1 year ago
    The truth is the only people getting bailed out are the ones who caused this mess. So you F***ED up but her is more money to lend to people. Wake up people this is not going to create jobs, lower inflation, lower lending rates or prop up home prices. Goldman and Morgan Stanley the only two Paulson protected while wiping out their competition want us to prop them up so they survive. In 2007 the average salary per employee was $600k who cares if they lose their jobs they are over paid MBA toting A**HOLES who took on too much risk, drove up the price of oil and gas, outsourced all our jobs and now want help. F THEM
  • Steve Jennings · 1 year ago
    so the public must bailout the over paid and greedy investment bankers once again.
  • alice cooper · 1 year ago
    With an election around the corner are they delaying to see where the popular vote is?