Comments on: What was the Mortgage Assets Purchases Plan http://www.iTaxRebate.com/mortgage-and-loan/what-was-the-mortgage-assets-purchases-plan Sun, 20 Nov 2011 22:07:25 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Arnold http://www.iTaxRebate.com/mortgage-and-loan/what-was-the-mortgage-assets-purchases-plan/comment-page-1#comment-3606 Arnold Sun, 30 Jan 2011 16:49:09 +0000 http://www.iTaxRebate.com/?p=13250#comment-3606 Eric..I agree that while we (the American people) are asked to sacrifice and "live" within our means for fear of having our homes taken away from us or having our salaries garnished by predatory lenders, the most affluent in this country are ripping us off by any means possible. But please don't get fooled by th propaganda. This bank bail out was orchestrated by George Bush right before he left office and it was under the Emergency Economic Stabilization Act of 2008 which was signed by a Republican president and a Republican controlled Congress and Senate. That was the reason for the huge election upsets when Obama became president and the Democrats took both houses. As a Republican myself I hate the hypocrisy of our 'leaders' saying it is the Democrats fault when the fault is on both sides. Republicans for initiating this huge money grab for Investment leaders that should be in jail and the Democrats for not putting a stop to this and letting the money be put to better use (not necessary Healthcare, although Social Sec/Medicare/Defense spending need to be SERIOUSLY addressed). If your bank went under you are insured up to $200,000 I believe, if your bank went under because your bank president was not following his fiduciary responsibility to protect our money which was under his care then he should be in jail for writing loans to people who wouldn't qualify to borrow $50 let alone $500,000. You might get the idea that I don't like George Bush and you would correct. As a fiscal conservative I didn't think it was prudent to 'give back our money' as a campaign promise. We all got a check for $300 dollars when he was elected. Lot of good that did, he basically took all of our savings out of the bank and gave it to the kids to spend. Would you do that with your savings or would you keep it for a rainy day (911)? This is basic stuff yet we as a country focus too often on our parties and not what our leaders are doing. Time to hold them accountable for their actions. Eric..I agree that while we (the American people) are asked to sacrifice and “live” within our means for fear of having our homes taken away from us or having our salaries garnished by predatory lenders, the most affluent in this country are ripping us off by any means possible. But please don’t get fooled by th propaganda. This bank bail out was orchestrated by George Bush right before he left office and it was under the Emergency Economic Stabilization Act of 2008 which was signed by a Republican president and a Republican controlled Congress and Senate. That was the reason for the huge election upsets when Obama became president and the Democrats took both houses. As a Republican myself I hate the hypocrisy of our ‘leaders’ saying it is the Democrats fault when the fault is on both sides. Republicans for initiating this huge money grab for Investment leaders that should be in jail and the Democrats for not putting a stop to this and letting the money be put to better use (not necessary Healthcare, although Social Sec/Medicare/Defense spending need to be SERIOUSLY addressed). If your bank went under you are insured up to $200,000 I believe, if your bank went under because your bank president was not following his fiduciary responsibility to protect our money which was under his care then he should be in jail for writing loans to people who wouldn’t qualify to borrow $50 let alone $500,000.

You might get the idea that I don’t like George Bush and you would correct. As a fiscal conservative I didn’t think it was prudent to ‘give back our money’ as a campaign promise. We all got a check for $300 dollars when he was elected. Lot of good that did, he basically took all of our savings out of the bank and gave it to the kids to spend. Would you do that with your savings or would you keep it for a rainy day (911)? This is basic stuff yet we as a country focus too often on our parties and not what our leaders are doing. Time to hold them accountable for their actions.

]]> By: Eric schmidt http://www.iTaxRebate.com/mortgage-and-loan/what-was-the-mortgage-assets-purchases-plan/comment-page-1#comment-843 Eric schmidt Sun, 31 Jan 2010 03:38:41 +0000 http://www.iTaxRebate.com/?p=13250#comment-843 This was just money injection into bankers pocket. we have not seen any money of this and it did not help us get more credit and acess to more money to help us pay our bills and debts. I live on a 800$ a month salary and cannot really afford everuthing i would want, even more foods. I eat the basics but sometime have to borrow to be able to eat. While big bankers who spend money like crazy, and then get save by government money and then they pay themselves big bonuses. This is ridiculous. Obama is not thinking if us but to protect the money market and their bankers who steal from us with high interest rates and service fees. This was just money injection into bankers pocket. we have not seen any money of this and it did not help us get more credit and acess to more money to help us pay our bills and debts. I live on a 800$ a month salary and cannot really afford everuthing i would want, even more foods. I eat the basics but sometime have to borrow to be able to eat. While big bankers who spend money like crazy, and then get save by government money and then they pay themselves big bonuses. This is ridiculous. Obama is not thinking if us but to protect the money market and their bankers who steal from us with high interest rates and service fees.

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