Could the mortgage bailout money be given to mortgage holders?
What would the downfall be if the government would give each mortgage holder ,000 to place towards their primary residence? It seems to be the money would be used twice instead of once. The banks would still get the money and the American consumer would be helped out as well. People in terrible mortgages could use the money to refinace to a more favorable mortgage, and people that are current could just pay off more. The banks that aren’t in terrible shape would then have more money to help out/borrow to the struggling banks. Seems like a better option than just throwing money at banks that made poor decisions. What am I missing?
Related Articles
- A whale of a time! « Honey Run
- Real Anime Training: Rants and a Workout
- grAcia Art photography: Personal Preparation
- Willing Hands Organic Farm: Second Half
- Shape of Colors: Terrible dream
- Obama seeks new rules for banks to prevent another meltdown, but …
- Memphis Daily News – Risk-taking is Back for Banks One Year after …
- Treasury says loans held by the largest banks getting bailout …
- Commercial Banks companies shares up at the close of trading | San …
- Too Larger to Fail, Part II
- you are my sweetest downfall: i have a dream
- you are my sweetest downfall: boston
- MRE.PIMPINTURTLE.COM: Absolute Must Read: The New World Order is …
- you are my sweetest downfall: my heart
- you are my sweetest downfall: my heart is beating like a jungle drum
- T Jantunen.com » Facebook grows and makes money
- Dirty Money Watch: Rep. Ed Perlmutter, D-Colo. | Washington Examiner
- Carnival of Money Hackers – 82st Edition
- Who Has Spend All His/her Money This Month? – Find Answers to this …
- How To Make Money Online Quick With Affiliate Marketing Posted By …
- What would be the best way to make a loan modification on your …
- A Mortgage Modification Company Could Be A Terrible Thought « GET WISDOM!
- A Mortgage Modification Company Could Be A Terrible Thought | ProfitEdition
- BANKRUPTCY OR FORECLOSURE? YOU CHOOSE!
- How Does A Mortgage Holder Get Out Of Pmi Payments On Their …
- Bestselling Offset Mortgages Guide Published by the Offset …
- Mortgages, Remortgages and Homeowner Loans Are Starting To Soar As …
- First Mortgage Buyer | A Silver Lining to the Subprime Mortgage …
- Current Mortgage Rates at 5.18% – 10-Year Treasury Yields at 3.45 …
- Fixed Rate Mortgages Clarified By Mortgage Expert Gary Williams …
- The SHOPPOLOGIST: Nicely Strung
- Don't Stand By Me: When Involving An Interested Party May Not Be …
- Folsom Cyclebration Road Race Omnium « Mackenzie Kelly's Blog …
- PakistanColumns.com » Blog Archive » Governance — through the …
- Randomly JYSim: Positive Thinking
Related Financial Planning Posts
Tags: affiliate marketing, american mortgage, art photography, bad idea, bad shape, bailout, banks, commercial banks, downfall, ed perlmutter, facebook, how to make money online, how to make money online fast, loan modification, money, mortgage holder, mortgages, new world order, organic farm, pmi payments, poor decisions, risk taking, sweetest downfall, time honey, whale of a timeTags: affiliate marketing, art photography, bad idea, bad shape, bailout, banks, commercial banks, downfall, ed perlmutter, facebook, how to make money online, how to make money online fast, loan modification, money, mortgage holder, mortgages, new world order, organic farm, pmi payments, poor decisions, risk taking, sweetest downfall, time honey, whale of a time
While this may help individual mortgage borrowers who fell behind due to personal circumstances, the larger part of the problem is coming from the fact thatr homes have declined in value and will continue to do so. handing someone 10,000 who is underwater in their mortgage by 50k will not solve the problem but will simply kick it down the road a few months.
It will also completely screw renters and people who chose not to buy on terrible terms.
For the record, I don’t reckon the current bailout will solve any problems either. The government can’t fix the problem by throwing money at it, no matter who the money is thrown at.
Losses need to be taken. IMO, they are better taken by the peole who have been profiting from the risks for the past 5 years, rather then the common person who hasn’t even seen an increase in average wages in that same time span. This nothing more then crony capitalism where taxpayer wealth is shifted to large well connected private parties. Disgusting.