Posted on 09/08/2005 3:26:08 PM PDT by Maria S
All aboard the Gravy Train! All aboard! Tickets, please! We accept $ 2,000 debit cards!
Are the victims of all the hurricanes in Florida going to start complaining? They have a legitimate gripe - just like the the OK City bombing families.
The abuse potential from this storm will be mind blowing.
Does this include Trent Lott?
This is absolutely the most insane idea to date. Can you say major depression to hit US?
I dread to think who will come out of the woodwork to make their claims for God knows what catastrophe they will claim the govt owes them for, they are starting a precedence with all this that will start a firestorm and flood of attorneys suing for every known and unknown claim.
Imagine every home that is destroyed in any hurrucane, tornadoe, flood etc will now expect the same treatment.
What is wrong with our govt have they all taken leave of their senses or have the socialists taken over the govt and we haven't been told??
Conservatives need to get a grip and start acting like conservatives!
hurrucane = hurricane
Katrina the hurricane that caused a conservative meltdown....
That check represents the last dime the bank is likely to see on property that is now worthless. So can a multi-billion dollar bail out of the banks and mortgage companies be far behind?
I can see where this comes from - and if a bank so desired to do this of their own free will - that's their choice.... BUT...
Legally, no-one is entitled to their September morgage payment back. That's what homeowners and/or flood insurance is for. I believe that most (probably all) mortgage lenders REQUIRE flood insurance if your property is a flood zone. Every square inch of NO is in a flood zone - and I'm pretty much certain that most of the worst damaged zones in the gulf all are on flood prone zones.
What web-site are the forms on?...My elbow bends at the elbow joint..do I get double?
I would love to hear the long term effects from an economist and how all this will affect all of us in the end.
Banks, returning mtge payments, banks and finance companies not getting car payments, credit card companies not collecting payments, health insurance companies extending coverage for 30 days and not receiving premiums. AND the govt giving all these people money and supporting their every need for years to come.
WHERE is all this money going to come from?
Who will really pay for all this in the end??
Socialist crap.
If the borrower loses, the house gets a new owner and a new mortgagee that will make payment.
"Who will really pay for all this in the end??"
Who do you suspect is going to pay for it in the end?
Those of us who get up, suit up, go to work every day, pay our taxes on time, keep up our house payments, car payments, and keep putting one foot in front of the next.
Yup, that's true.
The taxpayer is left footing the bill as usual.
I can truly understand helping those people who did just like we did, work to support our families and worked to buy those homes and cars, they should be offered some relief, we know they will pull them selves up and rebuild and I can understand helping people like that gladly!
Given the mongo donations to the Katrina victims already, it would seem reasonable to use part of those to meet the mortgages, assuming the owner wants to rebuild on the same spot once reclaimed. At $500K a head and still growing that should be a no brainer, shoot most people with that could buy out their mortgage and have plenty left over.
However, I don't think most banks there are going to exactly lose their shirts if they forgive the mortgages, because there is going to be a land office business in financing rebuilding.
There ought to be 100 senators lined up to halt this idea...because this opens tremendous doors. Only a fool in business would go along with this idea. You are asking for major structural issues that people can't calculate...why even bother loaning any money to a zone near the coastline for house construction? I'd take every penny out and require a customer to live 20 miles inland. Anybody that wants to play this game...will destroy the economy rather quickly.
"Conservatives need to get a grip and start acting like conservatives!"
And therein lies the problem.........
At the suggestion of writer Michelle Malkin last Friday, I have cobbled together a blogsite called Texas Clearinghouse for Katrina Aid to serve as a clearinghouse for refugee efforts in Texas.
Texas is getting more refugees than any other state -- that's fine, we'll take them all -- but we need help providing them with food, clothing, medicine, and shelter. We need help taking care of their pets, too.
If you are a refugee, you can information that will help you find relief. If you want to donate or volunteer, you can find someone who needs you. Believe me, there are a lot of organizations who need your help.
Right now the site mostly covers Houston, San Antonio, and Dallas but I'm adding more every night. My wife was down at Reunion Arena in Dallas Tuesday handing out care packages and spiritually ministering to the refugees as a representative of her employer. She says that the situation is tragic and that there's a lot of work to be done. There are so many children who don't know where their parents are or even if their parents are still alive.
There are a lot of churches and other organizations in Texas that need help in dealing with the problem and I would appreciate it if you would get the word out.
Many thanks,
Michael McCullough
Stingray blogsite
Local news just showed a segment from Baton Rouge, the real estate there is booming, the price of homes increased 20%, they had 3500 homes few months ago and just have 500 currently available for buyers. That's encouraging news. The person said that they are actually going house to house asking people to sell there is that much demand for housing there.
Sounds like they will be the next CA real estate boom ;)
I was hoping that would happen in our city here in TX, I would consider selling for the right price.
All we are seeing here in Dallas TX are the people screaming in the camera that they are angry because they are standing in the heat waiting for their debit cards. Supposedly the Fed Govt is supposed to reimburse Dallas to cover 60 days of bills for housing the evacuees and than Dallas is on their own and will have to pay.
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