Home owners lost 2 trillion in value, how about a bailout?

March 11th, 2010 Posted in portal.juzhang.com | edit

if the government is for the people, shouldn't they bailout homeowners/
if the congress thinks it should bailout select businesses/investors, what about the homeowners who have taken a 2 trillion dollar bath, and paid the taxes being spent (loaned)?

Yes please. I promise not to use my corporate plane to fly to Washington.

Homeowners will only lose if they plan on selling any time soon. Property value will rise again.

Wait for the republicans to come to this blog and tell you how lazy these home owners are. Wait for them to say "my hard-working money shouldn't go to these people"

However, when it goes to financial institutions, it's not such a big deal!

Republicans do not mind privatizing profits and socializing losses

There were a hundred and four million voters in the last election. What if Washington gave each of those voters a hundred thousand dollars, tax free for any of that money spent on a new American built car or paying off their house. This tactic would save Detroit, the banks and the poor and middle class. It would also encourage participation in the Democratic process. What's more it would be twenty eight billion dollars less expensive than the current plan to give it two car executives and wall street fat cats to spend.

Google the banks that participated in the bail out program . . . and look who the deposit holders are . . . for instance, Citi Bank is the largest depository in Russia . . . Russia does not have a program that guarantees deposits (think FDIC in the U.S.). So, if we had let Citi fail, we would have had complete civil unrest in the largest nuclear arsenal in the world . . . connect the dots.

Foreclosures continue keeping the values down too. What happened to that plan to renegotiate those loans? Why are the banks sitting on the bail out money instead of lending it? Wasn't that why they got the money in the first place?

Now I'm not really for the bailouts, but if people keeps their jobs due to the companies staying afloat then less people will default on their mortgages and that will keep home prices from dropping even WAY further!

#If you have any other info about this subject , Please add it free.#

Home owners lost 2 trillion in value, how about a bailout?

Archives

Meta