Do you think it is fair that taxpayer money is being used to bail out greedy people who bought homes ?

too expensive for them? In actuality, this is what caused this problem, greediness. The quest to a bigger house than what you can afford.Do you think it is fair that taxpayer money is being used to bail out greedy people who bought homes ?
no...no bailouts...





i can't believe we allowed our representatives to give the banks 700 billion dollars and they want MORE??? of course they do! who wouldn't??





now the car companies? who's next???? this is crazy! and NOT what this country was built on... free market! free enterprise!! sink or bloody well swim.. the government has no business in business in this country and spending tax dollars on something the people do NOT want....





didn't we have a tea party the last time this happened???Do you think it is fair that taxpayer money is being used to bail out greedy people who bought homes ?
I think you may have misunderstood what's going on. Not one single homeowner has received one single dollar to this point in time nor are they expected to.





The $700 billion is going to bail out the greedy people at the banks, who were supposed to be economic EXPERTS and should have known better than to get into risky investments. These are the same people who made the decisions about the loans. If it only takes ';simple math'; to see that ';these people do not qualify,' why did the greedy banks give them mortgages? And once they gave the mortgage and the bottom fell out of the housing market, why are THEY being bailed out and the homeowners losing their homes?





Does this seem fair to you?





This argument reminds me of the one where people get all upset about some single mother getting food stamps while they completely ignore the fact that oil companies get hundreds of millions of dollars in corporate welfare.
Funny that you say that cause it's not the wealthy that are being hit hard, it's the poor who got sub-prime loans and adjustable rate mortgages. Greedy came from those that provided homes to low income and middle income family that could not offer it. The wealthy are losing their homes cause the economy is what is hurting them from people like us (middle and low income) we help them buy their homes cause we were buying their products and services and now that we are not, they are feeling the pinch too! So the fact that giving our money to the big company does trickle down back to us, like it has for several years. So the speard the wealthy is not going to work like Obama thinks.
are talking about people who bought homes for investment or those who just couldn't afford them? there was a lot of under handed business went on about this housing market. banks was approving loans to people they know they don't qualify for, but they went ahead and gave them the loan. the only way banks would make money is to push these home loans and approve credit cards for people they know shouldn't been approve.








I am sure that everyone would like to own a nice size homes if they had the chance to do so, right? I know I would! I know there are many type of home loans out there so that everyone have a chance to buy them a home. When the banker tell you they can get you into the home of your dreams ($250,000-$350,000) the only think is really on your mind that nice size home that you can all yours. when it come down to explain the payment it would be low and affordable for the first 3 yrs and then it slowly climb up. and pray that you get a few pay raise along the way.





I don't see why not bail these home owners out if they constance bailing out the Free Market and car Ind's. Chrysler's have been bail out the most among the big 3 car manufacture in this country.
We needed a bailout but its being used the wrong way. Why is money being spent on Bank of America (which has bought out several companies lately and is financially sound) and other banks? It disturbs me to see that this money is being used as a free check for these corporations. We need accountability in this bailout, but it looks like there's a shortage.
more like greedy corporations and CEOs taking the money to splurge first class along with big bonuses, then leaving tax payers to pick up their tabs. over 700 million of taxpayers money is spent to bail just one company, which isn't helping to bail homeowners out. don't expect to feel the trickle down effect anytime soon.
If we were bailing out the homeowners you might have a point. However, it's not about homeowners, it's about a country running on borrowed money. The cry isn't let's pull together and help our neighbor, it's ';Banks get back to lending'; The greed may have trickled down to the homeowners suckered into bad loans but it sure did not begin there.
The housing crisis was caused by failing mortgages of people who were unable to afford them.





Freddie and Fannie Mae control 20% of all mortgages in the country and they were setup by Bill Clinton.





The $700b bailout was opposed by Republicans and signed by Democrats.





These are the facts.





Republicans are AGAINST the auto bailout.
everyone has a share to the blame the banks do for giving you that loan the person who takes the loan has some of the blame because you may qualify for the loan but it doesn't mean you have to take it or can make the payments for that loan
No I don't think it's fair, and neither do 79% of Americans, yet many of the idiots who voted for the bailout were put back into office. It's really sad when you think about how insane that is.
No I do not, nor do I think it is fair to bail out ANY FAILING BUSINESSES - sink or swim, industries are meant to come and go.
It's not being used for that. It's being used to bail out greedy banks and greedy CEOs of these banks.
Nope. Nor do I think we should be bailing out Investment groups and Banks. I am beginning to wonder what country I am living in. Today they announced they want to invest 25 billion into the auto companies!
who cares
No they should not be bailed out. It's just unfair
no it's not rigth and hopefully they will get what they deserve while the rest of us struggle all these food stamp people are living the high life but they don't have crap really, alot of bills and bad credit!
No, I don't.
I'm not aware of any taxpayer money - not one penny - that went to bailout a homeowner. Fannie and Freddie actually don't have that much to do with it as they didn't even buy mortgages for homes over conforming in high price markets - like the entire West Coast.





All of the homeowners in my little area of the West Coast who are having trouble have mortgages way over conforming that were not purchased by Fannie/Freddie - they were purchased on the private market and the private market failed miserably.





The greatest misnomer about this whole thing is the people who keep saying or thinking that Fannie/Freddie give out mortgages. They don't do mortgages. They buy mortgages from banks, package them and sell them to investors to free up capital so that banks can do more mortgages.





Greed certainly has a part to play but more likely on the bank side. It is not necessarily a question of a bigger house than it is, in many cases, of a more toxic mortgage. This is why you hear stories of former mortgage reps complaining that their bank didn't care if it was fraud, or if the family couldn't afford the loan because they were selling the toxic asset to someone else.





To label is a simple problem of a homeowner getting a bigger house than they can afford is inaccurate. Some people re-financed from safe mortgages to toxic mortgages - for both practical and impractical reasons. Their houses didn't get any bigger but their mortgages got a lot more toxic.
Well if you have a bank telling you that you qualify for the loan that means the bank thinks you make enough money to pay for it.


I blame this issue on democrats alone, they blocked the vote on Fannie and Freddie, this is their baby.