Comments on: Barack Obama and The Housing Crisis — Yours, Not His

By: florida property

florida property — Sat, 08 Nov 2008 16:35:00 +0000

Well, if banks, Wall Street investment firms and the auto industry are entitled to a handout, why shouldn’t home owners take a share of the goodies? Even if buyers were at least partly to blame for the mess we’re in, how can anyone justify bailing out finance companies who promoted the mess and leaving homeowners adrift? If Obama fails to deal with this, it will be clear how much sincerity he really has.

By: Alex

Alex — Fri, 07 Nov 2008 15:23:01 +0000

If you are right it’s a bad news not only for us but for everyone who depends on cheep loans. I hope he’s unable to ignore Housing Crisis. If Obama will do nothing it’ll be his biggest mistake.

By: Daniel Bates

Daniel Bates — Thu, 06 Nov 2008 13:52:43 +0000

Raising capital gains so that the few people left out there with money have no desire to purchase investments will surely help things out, right???

By: Amanda

Amanda — Thu, 06 Nov 2008 11:04:07 +0000

Obama win!! Its great

By: Gina

Gina — Wed, 05 Nov 2008 23:14:17 +0000

I don’t think it’s a good idea to let bankruptcy judges change the terms of anyone’s contract. If we can’t count on the remedies that a legal contract gives, then no one will be able to trust anyone any longer. The only reason anyone would loan another party money to buy something as expensive as a house is because they have the security of getting the house back if the loan is not paid. Take away that security and there is no reason to make loans.

By: Vein Repair Utah

Vein Repair Utah — Wed, 05 Nov 2008 21:33:53 +0000

Something needs to be done about the whole housing crisis. It is pathetic and people need to held accountable. Mortgage brokers giving away cheep loans to people that knew they couldn’t pay it while the gov’t making it easier for the banks to give out these loans. It is everyone’s fault and we all need to feel the repercussions of it.