Comments on: Government Intervention Just Postpones Pain For Foreclosures

By: Short Sale

Short Sale — Tue, 02 Dec 2008 13:56:39 +0000

I agree. The flood gates have been opened and it will be some time before they close. The government has to take some action to make it appear as if they can do something, but the truth is that is must run it’s course. Once the housing market makes a rebound I believe the stock market and the economy as a whole are not far behind. It may be some time, but we will have to wait it out.

By: blackfoot

blackfoot — Thu, 20 Nov 2008 21:11:28 +0000

With continuing record foreclosure rates, more people, pundits, and politicians are calling for more direct involvement by the government in the market. Freezing rates, punishing banks, and offering rates as low as 0% to borrowers have been proposed. But holding the banks themselves accountable through government intervention will not serve the overall purpose of convincing banks to begin making prudent lending decisions again. In fact, it was government intervention in lowering interest rates and offering cheap credit that significantly contributed to the real estate bubble to begin with.

By: Jessica Beganski

Jessica Beganski — Fri, 14 Nov 2008 22:39:09 +0000

Another awesomely bad idea by our elected officials. They’ll do anything to avoid telling a constituent “no” or to appear lacking compassion.