Will The New Homeowner Rescue Bill Help Rescue <em>You?</em>

Commented by CameoGalopamonster:
3:58 AM on July 31, 2008

Well, well, well... It is quite interesting to read most of these postings. Really now, many of them remind me of Marie Antoinette's "let them eat cake". Believe me I strongly agree that this assistance is to protect the institutions that tempted people/families into getting more house for low payments. Then again, there was a real estate craze going on in this country. It was like a drug induced euphoria. The everyday person didn't realize it was all staged to get to this point, they just rode with the wave. You know that people, in general, tend to see/hear what they want to hear. Back in the heyday (the very recent past) when people were looking for homes (inflated prices) the lenders were "adjusting" the numbers to get homes financed. People, getting financing for the high priced properties, were barely directed to the pages in the legal mumbo jumbo instrument that outlined how payments "could" change in the future. There, for the most part, was NO emphasis on that as that could scare a borrower away, and they didn't want to do that for sure. If you are not in this situation, as I am not, then that's wonderful, we have no problems and stress about this matter at this time of "depression" in our country. Greed is what was driving the prices up and greed was what was driving the lenders to push and dreams were what was driving those people to buy the houses and take those mortgages. I don't know for sure how this will help the people, it may not help too many and it surely does have some weird strings attached, so, hopefully it will be structured to educate those that are eligible as to how all the strings can be manipulated to make it work for them in the best way now and in the future. I am hoping, in a positive way, that this will be the start of the government actually opening their eyes and giving assistance to the people, looking out for us. No, I am not delirious. I know that this is probably another way to line pockets (as one comment suggested), but, if it helps people along the way so be it for now. I just feel that at some point in this universe, in this country, the government will be by and for the people. I believe the greed must stop and we must not get jealous if programs that come out cannot help us. As long as people are being helped I feel we should be happy for them. It is true that this is all too new to criticize it. It's deeds (good or bad) will only be witnessed as people become eligible and use it.

When making comments in the future, I believe we should make sure we do not
put other people down, ever. Check out what you wrote, of course it is up to
you, though, if you please think about what I wrote I hope you will find it
makes sense and it's time for us to begin to "pay it forward". Paying
forward what how we would like to be treated and it will come back to you a
thousand fold. This country will never get anywhere if we continue to spiral
down a path of selfishness and greed.

artale/palm beach florida

-namaste

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