Mr. President please we are not KIDS, call it what you whatever you want; your solution to the mortgage crisis is a government BAILOUT. Case and point, you should not be the one to be addressing this situation; this is not a national crisis at this point. With great respect and admiration I’m sorry to inform you that your proposed solution to the hundreds of thousands of SUBPRIME MORTGAGES situation is just a BAND-AID, and prior to the wound being healed the Band-Aid aid is going to fall off.
I really see this move as GOVERNMENT intervention in the free market place. To begin with the citizens involved in this fiasco created their own woes with the encouragement of FINANCIAL INSTITUTION headed and supported by savvy personnel, and the UNSCRUPULOUS GREED of CEO’S. These CORRUPT CEO’S are the ones that need GOVERMENTAL attention, like free MORTGAGE in JAIL. We are aware there is a need to restore our confidence in the GOVERNMENT ability to respond and correct negatives, but not in this instance.
A five year stop interest payment on the properties involved is not the solution, this is only giving time for the properties to be destroyed to the extent that there will be no salvage value. The persons involved with the exception of a few, simply cannot afford the PRINCIPAL or THE INTEREST in the current economical situation of OUR NATION.
The financial institutions should absorb this crisis; they need to be taught a lesson.
Now, MR PRESIDENT why is it always when problems ERUPT that we pay attention. Were the GOVERNMENT regulators asleep all this time? Why are heads not ROLLING in WASHINGTON?
MR. President your ADVISORS needs to be FIRED please do not allow them to resign. This will allow history to better judge their poor performance. LET’S not play politics with this situation. Also we cannot be selective with who may benefit from your proposed LOAN RATES TO BE FROZEN.
Your attention at this time should be how to end the IRAQ arena prior to exiting the highest JOB in the land in addition to being our COMMANDER IN CHIEF.
Remember, you heard it here first. Also MATHEMATICAL PROJECTIONS can conflict with reality in many instances.
I really see this move as GOVERNMENT intervention in the free market place. To begin with the citizens involved in this fiasco created their own woes with the encouragement of FINANCIAL INSTITUTION headed and supported by savvy personnel, and the UNSCRUPULOUS GREED of CEO’S. These CORRUPT CEO’S are the ones that need GOVERMENTAL attention, like free MORTGAGE in JAIL. We are aware there is a need to restore our confidence in the GOVERNMENT ability to respond and correct negatives, but not in this instance.
A five year stop interest payment on the properties involved is not the solution, this is only giving time for the properties to be destroyed to the extent that there will be no salvage value. The persons involved with the exception of a few, simply cannot afford the PRINCIPAL or THE INTEREST in the current economical situation of OUR NATION.
The financial institutions should absorb this crisis; they need to be taught a lesson.
Now, MR PRESIDENT why is it always when problems ERUPT that we pay attention. Were the GOVERNMENT regulators asleep all this time? Why are heads not ROLLING in WASHINGTON?
MR. President your ADVISORS needs to be FIRED please do not allow them to resign. This will allow history to better judge their poor performance. LET’S not play politics with this situation. Also we cannot be selective with who may benefit from your proposed LOAN RATES TO BE FROZEN.
Your attention at this time should be how to end the IRAQ arena prior to exiting the highest JOB in the land in addition to being our COMMANDER IN CHIEF.
Remember, you heard it here first. Also MATHEMATICAL PROJECTIONS can conflict with reality in many instances.
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