Rick Newman

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Video: Finally, a Bit of a Bailout for Homeowners

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October 25, 2011 RSS Feed Print

CBS News invited me on-air recently to discuss President Obama's latest plan to help struggling homeowners. Here's the clip:

[Watch video here.]

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We keep seeing all these "plans" to bail out the "homeowner"! What about all the "renters" out there that are underwater because we cant refinance our rent payment. We dont get any kind of bailout to help pay our bills when we go underwater due to outstanding debt due to unforeseen medical bills, unexpected expenses due to trying to help other family members. I have a daughter back at home due to a loss of a job and where is my bail out. My credit cards go unpaid and medical bills pile up, while I get no bail out. And companies have freezes wages so I get no help. Where is the fairness in that? Where's my help to get the wolf to back off of my door?

Suzanne of WI 9:41AM November 06, 2011

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman demystifies it and explains what matters to you. Rick is the author of Rebounders: How Winners Pivot from Setback to Success and the co-author of two other books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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