Homeowner "rescue" bill - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Venkman · 07-27-2008, 03:47 PM

So, someone like me, who bought a modest size home three years ago (much less than what I "qualified" for) has to subsidize the dbags who leveraged themselves to the hilt, refi'd over and over to buy cars and toys but now still get to keep their homes? I feel like such a chump. My last ounce of respect I had for Bush, who had threated a veto, is gone.

Disgusting.

http://www.sltrib.com/ci_10011364

TripletDaddy · 07-27-2008, 04:25 PM

Get over it.

My tax dollars are subsidizing this stupid war, which is costing way more than the housing crisis.

Venkman · 07-27-2008, 04:33 PM

You're right, it's not my money anyway.

il Padrino Ute · 07-27-2008, 06:01 PM

I agree that Bush will go down as one of the worst ever, but I can't say that the country would have been better off or worse with Gore as President. I'm not defending Bush's decisions, but had 9/11 not happened, most all of his horrendous policy decisions would not have been made.

Colly Wolly · 07-27-2008, 06:41 PM

Quote:

Originally Posted by Venkman

So, someone like me, who bought a modest size home three years ago (much less than what I "qualified" for) has to subsidize the dbags who leveraged themselves to the hilt, refi'd over and over to buy cars and toys but now still get to keep their homes? I feel like such a chump. My last ounce of respect I had for Bush, who had threated a veto, is gone.

Disgusting.

http://www.sltrib.com/ci_10011364

Agreed. Congress sucks too tho.

Colly Wolly · 07-27-2008, 06:42 PM

Quote:

Originally Posted by Venkman

You're right, it's not my money anyway.

It's the Lord's money, and apparently the Lord wants a mortgage bailout.

Parrot Head · 07-28-2008, 02:25 AM

The vote was 72-13 in favor and I was curious as to the Nays and No Votes, so here's that info in case anyone else is...

NAYs ---13
Barrasso (R-WY)
Coburn (R-OK)
Corker (R-TN)
Cornyn (R-TX)
DeMint (R-SC)
Ensign (R-NV)
Enzi (R-WY)
Grassley (R-IA)
Hatch (R-UT)
Hutchison (R-TX)
Kyl (R-AZ)
Thune (R-SD)
Vitter (R-LA)

Not Voting - 15
Allard (R-CO)
Bond (R-MO)
Bunning (R-KY)
Burr (R-NC)
Carper (D-DE)
Dole (R-NC)
Graham (R-SC)
Harkin (D-IA)
Inhofe (R-OK)
Inouye (D-HI)
Kennedy (D-MA)
McCain (R-AZ)
Murray (D-WA)
Obama (D-IL)
Warner (R-VA)

ute4ever · 07-28-2008, 02:35 AM

Quote:

Originally Posted by Parrot Head

Not Voting -
McCain (R-AZ)
Obama (D-IL)

Those bastards.

MikeWaters · 07-28-2008, 02:47 AM

The more details I heard about this bill, the less bad it sounded actually.

Banks will have to take a big hit to take advantage of the program, so it's not even sure how many are going to take advantage of it.

Banks will have to finance at 90% of the current value.

THe ones that get this deal will be getting an awesome deal, however.

SeattleUte · 07-28-2008, 03:14 AM

It's just Keynsian economics. If the housing market is on its ass we can't possibly have a good economy. This is part of trying to bring about a recovery. I'm not saying I agree with the approach, but there are lots of believers in both parties. It's like the rebate. There's no point in getting all self-righeous about how you don't take hand outs because it's just economic policy. Certianly government does a lot more stupid and wasteful things with our money, like any Senator's pet pork barrel. Besides if you get a mortgage deduction you do take government hand outs.

07-27-2008, 03:47 PM	#1
Venkman Senior Member Join Date: Jun 2006 Location: South Jordan, UT Posts: 1,799	Homeowner "rescue" bill So, someone like me, who bought a modest size home three years ago (much less than what I "qualified" for) has to subsidize the dbags who leveraged themselves to the hilt, refi'd over and over to buy cars and toys but now still get to keep their homes? I feel like such a chump. My last ounce of respect I had for Bush, who had threated a veto, is gone. Disgusting. http://www.sltrib.com/ci_10011364 __________________ WWPD?

07-27-2008, 04:25 PM	#2
TripletDaddy Senior Member Join Date: Oct 2007 Location: Orange County, CA Posts: 9,483	Get over it. My tax dollars are subsidizing this stupid war, which is costing way more than the housing crisis. __________________ Fitter. Happier. More Productive. "Everyone is against me. Everyone is fawning for 3D's attention and defending him." -- SeattleUte

07-27-2008, 04:33 PM	#3
Venkman Senior Member Join Date: Jun 2006 Location: South Jordan, UT Posts: 1,799	You're right, it's not my money anyway. __________________ WWPD?

07-27-2008, 06:01 PM	#4
il Padrino Ute Board Pinhead Join Date: Jan 2006 Location: In the basement of my house, Murray, Utah. Posts: 15,941	I agree that Bush will go down as one of the worst ever, but I can't say that the country would have been better off or worse with Gore as President. I'm not defending Bush's decisions, but had 9/11 not happened, most all of his horrendous policy decisions would not have been made. __________________ "The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB.

07-28-2008, 02:25 AM	#7
Parrot Head Senior Member Join Date: Aug 2005 Posts: 763	The vote was 72-13 in favor and I was curious as to the Nays and No Votes, so here's that info in case anyone else is... NAYs ---13 Barrasso (R-WY) Coburn (R-OK) Corker (R-TN) Cornyn (R-TX) DeMint (R-SC) Ensign (R-NV) Enzi (R-WY) Grassley (R-IA) Hatch (R-UT) Hutchison (R-TX) Kyl (R-AZ) Thune (R-SD) Vitter (R-LA) Not Voting - 15 Allard (R-CO) Bond (R-MO) Bunning (R-KY) Burr (R-NC) Carper (D-DE) Dole (R-NC) Graham (R-SC) Harkin (D-IA) Inhofe (R-OK) Inouye (D-HI) Kennedy (D-MA) McCain (R-AZ) Murray (D-WA) Obama (D-IL) Warner (R-VA) __________________ Oh, he's very popular Ed. The sportos, the motorheads, geeks, sluts, bloods, waistoids, dweebies, dickheads - they all adore him. They think he's a righteous dude. - Bronco, when asked how to describe PH

07-28-2008, 02:47 AM	#9
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	The more details I heard about this bill, the less bad it sounded actually. Banks will have to take a big hit to take advantage of the program, so it's not even sure how many are going to take advantage of it. Banks will have to finance at 90% of the current value. THe ones that get this deal will be getting an awesome deal, however.

07-28-2008, 03:14 AM	#10
SeattleUte fairlds.org Join Date: Jan 2006 Location: Seattle, WA Posts: 10,665	It's just Keynsian economics. If the housing market is on its ass we can't possibly have a good economy. This is part of trying to bring about a recovery. I'm not saying I agree with the approach, but there are lots of believers in both parties. It's like the rebate. There's no point in getting all self-righeous about how you don't take hand outs because it's just economic policy. Certianly government does a lot more stupid and wasteful things with our money, like any Senator's pet pork barrel. Besides if you get a mortgage deduction you do take government hand outs. __________________ Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster