Why Sheila Bair is Showing Up Hank Paulson

Sheila Bair is a breath of fresh air!

And is the first Federal official I have seen who seems to have a grasp of how to help us get back on an even keel financially.

I was very interested in her idea to stabilize the housing market by offering a means to stop foreclosures, rework the mortgages, and keep the homeowners in their homes.

She is the first person I have heard who seems to realize that PERFORMOING loans, even at reduced interest rates and terms, are way better than non-performing loans! Her idea to work with the homeowners, refinance the mortgages at an affordable interest rate, and make other concessions, seems to be the intelligent plan.

Thank God for someone in government who is intelligent! I do hope that President-elect Obama takes a look at this capable woman and puts her in charge and gives her the tools to get us back on track. I believe she is the one who can do the job.

Dee Lightner of FL @ Nov 29, 2008 19:02:27 PM

Sheila Bair should head Housing Crisis issues for Obama Admin

I watched the Senate hearing and listened very closely to Ms. Bair's testimony. She has set up a pilot program with IndyMac and has "test driven" the program there. She was clear, in her testimony, that her program works for homeowners. The goal is to help people to stay in their homes. She has a proven program and people can be helped by it. I am at a loss for words as to why Paulson is not immediately implementing Sheila Bair's program. It is a basic and common sense approach to the housing crisis and should be implemented as soon as possible.

Unfortunately, I believe that we homeowners, who are drowning in debt and are struggling to keep our homes, will have to wait until President-Elect Obama is sworn in and can implement meaningful programs to help us.

My tax dollars are being spent in a way that are against my wishes. I would like for the Feds to refund to me all of the tax dollars that I have paid into the system. With that money, I would become debt free and could pay my mortgage ahead. I WANT MY MONEY BACK!!!!!!

Deborah Hursey of IL @ Nov 29, 2008 15:24:35 PM

Plain Simple English

Henry Paulson and Neel Kashkari both need to be fired right now and put in jail for 25+ years. How can you take an oathe and continue to lie and deceive. After watching Paulson stutter his way around all questions without answering any of them was a total disgrace to him,his family,and the office he holds. Sheila Bair is OUTSTANDING and forthright with the American people. Bair should keep her job and take over Paulson's job. All Paulson has to do is stop lieing to Congress,stop helping his friends who don't need help,and tell ALL BANKS and LENDING INSTITUTIONS to lend the money they have or fail. Lenders who have lied to homeowners and will not make any attempt to adjust mortgages need to be prosecuted to the fullest of the law and not be pardoned ever. Why are houses so high in California and the same size house in Texas or Oklahoma 2 to 300K cheaper? Major rip off. Sheila Bair I hope and pray that Paulson,Kashkari and others just like them,pull their heads out listen to what you have to say. Our government needs more people like you.

Marcus Johnson of @ Nov 20, 2008 15:00:29 PM

no wall street bail out with no homeowner bailout

I CAN'T BELIEVE PAULSON HE'S PUTTING A ROADBLOCK TO HELPING HOMEOWNERS ONCE AGAIN HE BORROWED $700b from taxpayers ,THE VERY TAXPAYERS WHO WERE TAXED IN THE FIRST PLACE AND WHERE THE MONEY CAME FROM ANDNOW HE DOESN;T WANT TO USETHE MONEY IN A WAYIN WHICH IT WAS ORIGINALLY INTENDED, EVENTHE NAME TARP HAS NOTHING TO DO WITHW WHAT HE'S DOING FOR THE BANKSIN GIVING THEM MONEY. THE WHOLE THING IS A SAD COMMENTARY ON OUR ELECTED AND APPOINTED OFFICIALS I SAY THROW THE BUM OUT 1

gEORGE RETTIG of CA @ Nov 17, 2008 14:38:52 PM

Thank God for Ms Blair

If you've heard her on Charlie Rose or read her words, you know that there's someone at the wheel. She actually is on the middle of the path, so expect both sides to take shots. FDIC is a "political" appointment as is Fed Chair, but is suppose to have independance to do what's best for the country - what a concept!

Jack Williams of CA @ Nov 15, 2008 22:02:54 PM