Paulson Dismisses Compensating for Bad Financial Decisions

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There is foreclosure help for ourself,

. Foreclosure is something that can happen to anybody in any financial income bracket, it is embarrassing and it does not discriminate. Foreclosure is not something that you should hide from in hopes that it will go away, it won't. I was able to prevent foreclosure by contacting mortgagebuyerbasics.com Getting started was easy and private. They were helpful in answering any and I questions that I had about foreclosure and the options I had to prevent it. All consultations are free and there is no pressure. I didnt want someone bailing me out, I just needed alittle time to get back on my feet, and I am thankful for the time I had.

kristi of MO @ Jul 28, 2008 19:20:17 PM

Foreclosure help is out there

. Foreclosure is something that can happen to anybody in any financial income bracket, it is embarrassing and it does not discriminate. Foreclosure is not something that you should hide from in hopes that it will go away, it won't. I was able to prevent foreclosure by contacting mortgagebuyerbasics.com Getting started was easy and private. They were helpful in answering any and I questions that I had about foreclosure and the options I had to prevent it. All consultations are free and there is no pressure.

kristi of MO @ Jul 28, 2008 19:15:19 PM

But I'm sure Paulson will be only too happy bailing Fannie Mae and Freddie Mac out, though their "bad" decisions were also of their own making. When given the choice, leaders would rather bail big business out because it means more lobbying money in their pockets. The average Joe, however, will have to bear the brunt of everyone's bad business decisions.

Why not spread this punishment around more evenly? I'll support a Freddie Mac and Fannie Mae bailout if the government gives the homeowners some relief. Not walk away from the debt, but refinace it via federal subsidized loans so they can make more manageable payments. Takes two parties to tango. The mortgage companies were foolish to make the loans, and the buyers were foolish to sign the loan. Make them both pay.

Mia of WI @ Jul 10, 2008 19:13:34 PM

We shouldn't bail out gamblers

Some homeowners made very risky bets and lost. I agree with Secretary Paulson that these people do not deserve help. If we help those who gambled on the housing market, why not help people who lost at the crap tables or blackjack in Las Vegas? Sometimes you win and sometimes you lose. Those of us who don't gamble shouldn't bay the losers.

There are too many of us who did not place risky bets. We would not be pleased with a bailout for those who attempted to "game" the system and "lost."

Al alborn of VA @ Jul 09, 2008 21:34:41 PM

Double-standard for fear of collapse

We must reserve our bailouts for the corporations who made bad judgments about the creditworthiness, financial health and integrity of Bear Stearns. They, after all (not over-borrowing individuals), are the real dominos we cannot allow to get knocked over on the watch of Republicans.

Daniel David of NM @ Jul 09, 2008 20:26:24 PM

casting stones from glass houses

who is telling whom to be fiscally responsible?

of CA @ Jul 09, 2008 18:20:14 PM

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The Home Front

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