> Scott wrote: > > I am sorry, but it feels to me like those in need of help from the > president's plan are getting rewarded for their own stupidity for buying > more of a house than they could afford.
Buy that man a Stroz. I gotta agree with you mostly (although somethings gotta be done even if it ain't perfect: http://www.thestreet.com/story/10464786/1/todays-outrage-obama-housing-plan-gets-panned.html ). And even though I think Jim Cramer is moron ("I learned wall st terms in my short experience there, now I'll yell them at you") who says wrong shit just about every time I watch him, I do like his plan given the 30 seconds of analysis I've given it. He basically says to give every American the ability to refi at some rate like, say, 4% and then to extend payments for those that need it (40 year, 50 year). He's presenting it tomorrow to someone or other who sounded important. Anyway, that seems like the most egalitarian approach but I suppose the real question is efficacy. If Obama is convinced his plan stops the bleeding faster even though it's wrongly incented, then I'll trust him for now. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289220 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
