that would work, if and only if it came with re-appraisals to fair market value... and if everyone just took a deep breath and we started over again.
its what ive been saying since day one to my friends and family On Fri, Feb 20, 2009 at 12:49 AM, Gruss Gott <[email protected]> wrote: > >> 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:289221 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
