Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: yldstrk
"Our government is terrible and irresponsible. The American people are basically hardworking, some of them...."

Our government rewards irresponsibility and punishes those who work hard, by, for just one example, promoting mortgage modification programs for seriously delinquent homeowners and not extending the same programs to those who have paid their mortgages faithfully.

30 posted on 08/06/2011 8:08:41 AM PDT by PUGACHEV
[ Post Reply | Private Reply | To 13 | View Replies ]


To: PUGACHEV
Our government rewards irresponsibility and punishes those who work hard, by, for just one example, promoting mortgage modification programs for seriously delinquent homeowners and not extending the same programs to those who have paid their mortgages faithfully.

Q: Who does that help?

A: It helps the banks - who can pretend delinquent mortgages on their books are still worth their face value. Extending the program to current borrowers would do nothing to benefit the banks - it would hurt them.

Nobody cares about rewarding or punishing borrowers - current or not. If the banks wanted every delinquent borrower in the USA executed tomorrow, the government would find some pretext to do it.

When you look at every Republican or Democrat plan by first asking the question: "How do the banks benefit?", our system of government becomes much easier to understand.

35 posted on 08/06/2011 9:11:00 AM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson