Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

After helping to cause finacial diaster, Chris Dodd now wants the taxpayers 
to gaurantee residential and some commercial mortgages.  

Personally, I was devastated finacially by the real estate crash; but this is 
insanity.  All it will do is keep real estate prices 'artificially' high.  It 
is absolutely built in , from the start, *inflation*

I guess ,next, dodd and the other dems will want taxpayers to guarantee crdit 
card debt, car loans, bad checks?  Why should anyone even try to play by the 
rules.  This is dumber than McCain's dumb idea, and this is already getting 
hearings in congress .............bobford

------------------------------------------------------------------------


FDIC May Guarantee Some Home Loans

The U.S. government may start guaranteeing the mortgages of some homeowners 
who are heading for default, in hopes of persuading lenders to renegotiate 
the terms of troubled loans and avoid more foreclosures, Federal Deposit 
Insurance Corp. Chairman Sheila C. Bair said today.

...........Dodd emphasized a sense of urgency. "There are more than 10,000 
foreclosures a day," he said. "I hope there's a deep appreciation that we 
need to get this moving." .....................

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/23/AR2008102301517.html?hpid=topnews