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shueman
Libra
HDF Gold Supporter
Born To Drive...
   
Alta Loma CA
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NADA
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Posted: Mar. 02 2009,8:15 am |
Post # 8 |
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| Quote (WATERDOG @ Mar. 02 2009,8:07 am) | | AIG got approved for another 30 Billion dollars. This is their 4th time to get bailed. |
They must be having another "retreat"...  Â plus, their Premier League team needs new uni's... 
Edited by shueman on Mar. 02 2009,3:15 pm
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WATERDOG
Gemini
HDF Silver Supporter
Don't Bother Me, I'm in Havi
MENIFEE, CA
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ELIMINATOR EAGLE
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Posted: Mar. 02 2009,4:32 pm |
Post # 10 |
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| Quote (Sleek-Jet @ Mar. 02 2009,2:50 pm) | Bailouts and "stimuless" plans were in the works months before O'Bama was elected. Â The only thing that's changed is the guy at 1600 Pensylvania that is signing the papers. Â The tap is open now fella's...
He's listening to the same guys that Bush was. Â These men aren't that smart, they are just good public speakers... and there are no new ideas.
Want to put the shakles on his administration... elect a conservative congress in the 2010 mid-terms... then vote that lot of losers out in 2012... keep doing that until the politicians begin to realize that they work for the American People, instead of the US Gov't... |
Even the auto bailout was reduced to 17M by Bush, just enough to get them into the new admin., he wanted nothing to do with it.
Obama is a great public speaker, He even got millions to believe the crap he was/is saying.
"Damn you sure know how to fock things up."-GFR
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GoFastRacer
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V-Driver For Life!
 
Big River, Ca
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Spectra20
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Posted: Mar. 03 2009,5:07 am |
Post # 12 |
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gigamurph
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Hemet, CA
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Posted: Mar. 03 2009,12:54 pm |
Post # 14 |
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| Quote (WATERDOG @ Mar. 03 2009,8:33 am) | | Quote (GoFastRacer @ Mar. 03 2009,5:07 am) |
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My favorite part is nobody has to clean up anything. Just buy some credits and your good to go.  |
It's no different than what's been goin' on for decades. Kaiser Fontana used to be considered one of the "major polluters" in SoCal back in the '70s. They were fined an average of $1,000,000 a month. But they could lessen that amount by "purchasing credits" from other "non-polluting" companies and continue their same mode of operation. To add insult to injury; when Kaiser Fontana walked out on strike for 3 months in '72, SoCal experienced what was then record pollution alerts, even though the "ovens" @ Fontana were "turned down" and kept just hot enough to keep the refactory in place and in good repair. This incident is one of the first examples that set me on the path of my way of thinkig when it came to the government. It wasn't, hasn't been, and hopefully will someday be about "cleaner air" (or whatever else it may be) and not the money.
Government, whether it be a Democrat or Republican, liberal or conservative in office, is not "for the people". It's for the money they can get stuffed into their greedy a$$ pockets. And until we stand together against their $hit, it will continue to be the "same ol' dog and pony show"!
Sorry; got a little carried away there!
"My lifestyle determines my deathstyle!" -Metallica
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GoFastRacer
HDF Supporter
V-Driver For Life!
Big River, Ca
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APPD 7.90
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Spectra20
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Posted: Mar. 04 2009,6:43 am |
Post # 15 |
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| Quote (gigamurph @ Mar. 03 2009,1:54 pm) | | And until we stand together against their $hit, |
There's the key right there, but we all know that will never happen!..
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GoFastRacer
HDF Supporter
V-Driver For Life!
Big River, Ca
Posts: 62,729
APPD 7.90
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Spectra20
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Posted: Mar. 05 2009,4:44 am |
Post # 19 |
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| Quote (BigBoyToys @ Mar. 04 2009,8:34 pm) | Think I'll do my talking at the voting booth  Â Â and the Liquor store  Â Â Â |
Capital Hill might be a better place!...  
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WATERDOG
Gemini
HDF Silver Supporter
Don't Bother Me, I'm in Havi
MENIFEE, CA
Posts: 10,292
APPD 1.60
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ELIMINATOR EAGLE
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Posted: Mar. 05 2009,11:31 am |
Post # 25 |
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Feds Detail Plan to Stem Foreclosures
By Lita Epstein, DailyFinance.com
posted: 21 HOURS 10 MINUTES AGO
Rules for the Obama mortgage rescue plan were released today. The plan focuses on two distinct groups of borrowers. The first group is made up of borrowers who are delinquent and who want to modify their loans so they'll be more affordable. To qualify for loan modification help, you must have lost your job, suffered a pay cut or face higher mortgage payments. To get help, you will need to meet the strict financial hardship guidelines of Fannie Mae or Freddie Mac.
The second group of people who will be helped consists of those seeking to refinance mortgages even though the equity in their home is lost. This group will be able to refinance even if they need to borrow as much as 105% of their home's current market value. Prior to the rescue with current tight lending conditions, people wanting to refinance could only do so if they had 20% of equity in their home and could borrow a maximum of 80% of the loan value. This rescue will help these people get out of higher interest rate mortgages. Refinancers will not have to meet the strict hardship guidelines.
Modification applicants will face the stricter rules. They must fully document their income with pay stubs and tax returns and sign an affidavit attesting to "financial hardship." Help will be provided only to people living in their homes and with an unpaid principal balance of up to $729,750. Also, you will need to go for counseling if your total household debt -- including auto loans, credit cards and alimony -- totals more than 55% of your income.
"This plan will help make home ownership more affordable for 9 million American families and in doing so, help to stop the damaging impact that declining home prices have on all Americans," Treasury Secretary Timothy Geithner said in a statement released with the plan details. Your loan must be originated before Jan. 1, 2009 to qualify for modification. Modification will go through 2012.
Hardship guidelines require people to prove they experienced a decrease in income or an increase in expenses that caused the delinquency. In other words, those who simply bought more house than they could afford would not qualify for loan modification.
The plan is divided into two parts. About four million people who are at risk of losing a home to foreclosure can seek modification of their loan terms to lower their payment. These folks will be subject to the strict hardship guidelines of Fannie Mae and Freddie Mac. Another five million people can refinance loans if they owe more than their homes are worth.
Skip over this content Currently Fannie Mae and Freddie Mac, which were seized by the government in September, own or guarantee $5.2 trillion of the $12 trillion residential home loan market. After the Obama loan program is completed, the market will be more strongly tilted toward government ownership or loan guarantee as loans owned in the private marketplace shift to government ownership or guarantee.
"Damn you sure know how to fock things up."-GFR
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