wnyc.org / 93.9fm / am 820

Comments

• [1] superf88 from NJ August 31, 2007 - 11:17AM

  Great! So I assume those of us who have been renting until the free market reduced home prices to responsible borrrower levels will also qualify for a couple hundred grand in this new government cheese?

  
  
• [2] robert from park slope August 31, 2007 - 11:23AM

  3 years ago, I took out a 30-year fixed-rate mortgage although I could have taken a floating-rate and saved a few hundred bucks every month. I took the fixed-rate because I would not have been able to afford payments in an environment of rising rates. Alas, the joke's on me. I could have enjoyed the lowered rates and then had the government bail me out once rates rose.

  
  
• [3] Trevor from LIC August 31, 2007 - 11:24AM

  People blame the mortgage lenders as complicit in this mess (as they are), but what about the security underwriters who came up with these kooky products in the first place?

  
  
• [4] Trevor from LIC August 31, 2007 - 11:28AM

  Also, why is it Republicans advocate "personal responsibility" and less government intervention when its means financing welfare, but when their buddy mortgage lenders and Bear Stearns investment banks start to see trouble, they step in? Yeah, now I know what the "bull" in bull market is short for.