Is anybody watching the hearing?

[Sandra]

Yeah, doesn't it sound like they just want to perpetuate the bubble?
How about, the banks "reposess" the houses being foreclosed on, and make the former "homeowners" renters at a reasonable rate. It would still be considered an assest, because the bank owns it, and the people would still have a house to live in. It wouldn't address the deflating values, but it would give them time to unload houses at a slower rate and perhaps give the former homeowner time to get their junk together to repurchase the home. If there was the chance they could rebuy, the former homeowner would be more likely to care for and maintain the property.
Frankly, I just think they have found it more lucrative to rip off taxpayers at large rather than come up with more creative solutions.

Yes, it would benefit both sides since the homeowner has a psychological attachment to the house, he will be more likely to take care of it. Also this is great for the lender as the house would require care and upkeep to maintain any value. Both would mutually benefit from avoiding the economic fallout that mass homelessness would create which would ruin both homeowner and lender. During this time both would have to comprimise to continue their business.

 

[freelance]

Yes, it would benefit both sides since the homeowner has a psychological attachment to the house, he will be more likely to take care of it. Also this is great for the lender as the house would require care and upkeep to maintain any value. Both would mutually benefit from avoiding the economic fallout that mass homelessness would create which would ruin both homeowner and lender. During this time both would have to comprimise to continue their business.

The problem with this is that it's a workable option, but it doesn't address their needs--to rape and pillage the public.

 

[cheapseats]

Oh dear God. Isn't this supposed to be the BANKING committee? This old geezer who's on now is just learning what mark to market means. He thanked Paulson for the tutorial on firesale prices vs. market prices. God help us!

This puts me in mind of the Dumb Blonde joke.

Bambi: "Dear God, please let me win the lottery so I can pay my bills."

Nothing. Bills into arrears.

Bambi: "Dear God, please let me win the lottery so I don't lose my house."

Nothing. House into foreclosure.

Bambi: "Dear God, please let me win the lottery so I can at least feed and educate my children."

Nothing. Children are hungry and ignorant.

Bambi: "Dear God, why have you forsaken me?"

God: "You have to buy a ticket."

A child can see that this is up to the People. Congress is worse than useless, Congress is counterproductive.

 

[georgiapeach]

So let me get this straight. DiD I just hear Bernake say, in a very convoluted way, that: A. He knows this is gonna work, but he doens't know how because they don't know what they are dealing with, and B. They plan on bailing out companies that don't need bailing out?

 

[moostraks]

Okay who is this guy grilling Paulson...he just called him on the whole holding us hostage..LOL!!!

 

[georgiaboy]

well, guess it's time for a new revolutionary slogan to mirror an earlier one:

F.U. Hank!!

 

[freelance]

So let me get this straight. DiD I just hear Bernake say, in a very convoluted way, that: A. He knows this is gonna work, but he doens't know how because they don't know what they are dealing with, and B. They plan on bailing out companies that don't need bailing out?

Something like that, but it's difficult to keep up with all of his circumlocutions.

 

[georgiapeach]

Oh, they'll be dealing with regulated financial institutions. That makes it all better. Because they have done SO well thus far keeping up with their books.

 

[moostraks]

$700 billion they should make the time to answer these questions...

 

[Mark]

Poll: http://www.cnbc.com/id/26851928

CNBC Poll: What Do You Think?

Who stands to gain the most from the proposed bailout plan? * 10302 responses
Wall Street 65%

Main Street 4.1%

Both 18%

Neither 7.5%

Don't know 5.8%

 

[moostraks]

Something like that, but it's difficult to keep up with all of his circumlocutions.

Yep...I think Senator Reed clarified that.(I answered my own question btw on who was grilling Paulson)I just can't watch the feed on the internet for long as it is sooo chopppy.Yech!

 

[freelance]

What is this "good, strong oversight" that Paulson's talking about? Let's see, there can be no judicial review of this constitutional travesty. Like Dodd's going to provide oversight? LOL! First come the subpoenas and then comes the silence and/or no-shows and finally, the inaction.

Why has NO ONE specifically mentioned the no judicial overview component of this charming plan? Have they been forbidden to bring this up?

 

[HOLLYWOOD]

This puts me in mind of the Dumb Blonde joke.

A child can see that this is up to the People. Congress is worse than useless, Congress is counterproductive.

AMEN... I want to know whats going on with the email and phone systems for all the House representatives?

Are they now overloaded?

Anybody try calling Pelosi and the rest of these SCHMUCKS?

No ONE is answering their phones for NV. Ignoring the people... well we know and have CONFIRMATION who they represent.

 

[Dary]

Poll: http://www.cnbc.com/id/26851928

CNBC Poll: What Do You Think?

Who stands to gain the most from the proposed bailout plan? * 10302 responses
Wall Street 65%

Main Street 4.1%

Both 18%

Neither 7.5%

Don't know 5.8%

Wall Street
65%

Main Street
4.3%

Both
18%

Neither
7.4%

Don't know
5.7%

 

[freelance]

Poll: http://www.cnbc.com/id/26851928

CNBC Poll: What Do You Think?

Who stands to gain the most from the proposed bailout plan? * 10302 responses
Wall Street 65%

Main Street 4.1%

Both 18%

Neither 7.5%

Don't know 5.8%

Hey Mark, can you clean that up to put the percentages on the right line? I was banging my head against the wall, thinking that the public thought Main Street was going to profit. LOL!

You beat me to it. Thanks.

 

[freelance]

AMEN... I want to know whats going on with the email and phone systems for all the House representatives?

Are they now overloaded?

Anybody try calling Pelosi and the rest of these SCHMUCKS?

No ONE is answering their phones for NV. Ignoring the people... well we know and have CONFIRMATION who they represent.

I imagine that anyone that they might want to hear from has their direct, PRIVATE phone number. No need to answer the phone, because there's nothing to see here, move along...

 

[Dary]

$700 billion they should make the time to answer these questions...

If 700 is good.... wouldn't 800 be even better?

 

[Bruno]

What is this "good, strong oversight" that Paulson's talking about? Let's see, there can be no judicial review of this constitutional travesty. Like Dodd's going to provide oversight? LOL! First come the subpoenas and then comes the silence and/or no-shows and finally, the inaction.

Why has NO ONE specifically mentioned the no judicial overview component of this charming plan? Have they been forbidden to bring this up?

in the plan, #8 is is the opposite of "good, strong oversight"

 

[freelance]

If 700 is good.... wouldn't 800 be even better?

Why don't we just call it an even trillion--just for starters?

 

[georgiapeach]

I gotta hand it to Paulson. He started right out of the gate with his 'we should be falling over ourselves to thank him' type of speech. He has neatly dodged answering all questions, and managed to make all of his on-answers sound like it would be over our heads to comprehend; while at the same time, making it sound like it was a stupid, repetative question. I'm just waiting for somebody to call bullshit outright, and demand he actually answer the a question or two instead of making it sound like we are too dumb to get it.