[Pelham]

The word on Friday was that the White House and the Treasury Department are negotiating with major lenders, including CitiGroup, Wells Fargo, Countrywide Financial, and Washington Mutual. The goal is to come up with a plan that would freeze (for up to seven years?) at least some of the low 'teaser-rate' mortgages lenders used to entice homebuyers into mortgages they won't be able to afford once the rates reset.

Tell them to wait!! I need a couple of days to withdraw all of the equity out of my house via a teaser rate ARM so that I can scam the system, too.

[jiggyboy]

Tell them to wait!! I need a couple of days to withdraw all of the equity out of my house via a teaser rate ARM so that I can scam the system, too.

EXACTLY! DO IT NOW! AND STOP MAKING YOUR MORTGAGE PAYMENTS! NOW!

How are they going to decide gets to keep their "teaser" rate -- probably by whether they've been making their payments on time or not, right?

Be irresponsible and get the bailout, be prudent and get disgusted.

[Rockitz]

One could literally operate a very profitable business that 1) employed highly compensated lobbyists, 2) took lobbying fees from affected businesses, and 3) bet on their employees' ability to successfully lobby our corrupt politicians for bail-outs like this....plus our politicians get new vacation homes in Aspen or a nice deposit to their off-shore account.

The Circle of Greed is complete and taxpayers and other responsible citizens take it in the @$$ again.