As foreclosures mount, DC debates answers

[waitingtill08_IHB]

More bailout talk:





<a rel="nofollow" href="http://www.cnbc.com/id/15840232?video=477902343&play=1">http://www.cnbc.com/id/15840232?video=477902343&play=1</a>





Why do we need to keep these people in their homes? I have no sympathy for them. Let them lose the houses and learn their lessons. Then, maybe responsible people like the ones here can finally buy a house for a reasonable price. This bailout for the lenders under the guise of helping irresponsible borrowers makes me sick.





Ron Paul in '08 anyone?

 

[effenheimer_IHB]

<p>Slightly different topic: <a target="_blank" href="http://www.bubbleinfo.com/journal">Jim in North SD</a> had taken off his velvet gloves and is waving his bear claws around. If OC and LA continue to follow SD, we're going to be impressed with the price drops. <em>"Think we'll see an increase in velocity the next few months? It sure seems like it. We're going to see houses in Oceanside in the $200,000s again before the year is out, you watch."</em></p>

<p>Best wishes for homes <strong>anywhere</strong> in SoCal in $200's.</p>

 

[effenheimer_IHB]

<p>I love <a href="http://calculatedrisk.blogspot.com/2007/08/just-say-no-to-stated-income.html">Tanta</a>.</p>

<p><em>"We have just experienced an "Early Payment Default" crisis of unprecedented magnitude, and somebody is telling me I should stop worrying about whether a borrower can make the payment in the here and now. It's like dropping acid without the amusement value."</em></p>