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finally, the homeowners are getting cut some slack in all of this bailout mania -- (link)

Posted by znufrii Oct 29 '08, 16:43

(No message)

White House floating plan to absorb half the losses of modifying loans to reduce mortgage payments (www.nytimes.com)

Responses:

Guess I should have refi'd instead of paying off my mortgage. No debt and money in CD's and mutual funds...what's in all this for me? - MojaveMeg Oct 29, 17:17
I wonder if there are still people who have one of those crappy mortgages who haven't been evicted yet? this has been going on for a couple years now - zeitgeist Oct 29, 16:48 3
- absolutely there are. -- nm - slutty zombie loosilu Oct 29, 16:49 2
  - --in fact, I think there's a new wave coming as people get laid off. -- nm - slutty zombie loosilu Oct 29, 16:49 1
    - in a society where people traditionally live paycheck to paycheck, those are equally traditional foreclosures, more of them fursure just because the.. - zeitgeist Oct 29, 17:08
Unrelated poll, which do you prefer, absorb, or, adsorb. - Loyola Oct 29, 16:48 6
- absorb is being eaten, adsorb is being latched onto (i think) -- nm - nubby Oct 29, 16:59 2
  - more or less. - Reagen Oct 29, 17:21
  - this is coming back to me. I think you use "adsorb" to describe thin layer chromatography. - slutty zombie loosilu Oct 29, 17:01
- I've never seen "adsorb" before. -- nm - Dr.Vermin Oct 29, 16:53 2
  - I saw it but only when I took chemistry as an undergrad. -- nm - slutty zombie loosilu Oct 29, 16:53 1
    - My limited recollection. - Loyola Oct 29, 17:10
*gets in line with my 5.35% fixed rate* Can't hurt, maybe they will lower it to -3% and pay me to live here. -- nm - Deadmond Oct 29, 16:48
Hooray for more personal irresponsibility! - Boo! subi Oct 29, 16:47 8
- agreed, unless I'm the bailee. -- nm - CrankYanker Oct 29, 16:49
- at this point I think I'm convinced we needed it. -- nm - slutty zombie loosilu Oct 29, 16:48 6
  - I'm don't disagree, but it still sucks. (nm) - Boo! subi Oct 29, 16:50 5
    - at this point I think I'm convinced it would suck more not to. -- nm - slutty zombie loosilu Oct 29, 16:51 4
      - *looks around* Didn't I just say I don't disagree? - Boo! subi Oct 29, 16:53 3
        
        yes you did. I was not arguing, honest. -- nm - slutty zombie loosilu Oct 29, 16:54 2
        
        I can have the last word too. - Boo! subi Oct 29, 16:56 1
        
        can't. -- nm - slutty zombie loosilu Oct 29, 16:59
Awesome! How do I get my mortgage reduced? - Dr.Vermin Oct 29, 16:45 13
- well, if they're going to reward banks for making poor decisions they can at least level the playing field and help out the litle guy too, eh? -- nm - znufrii Oct 29, 16:47 10
  - oh yeah. compounding one bad idea by piling on another is an excellent idea....nm - x Oct 29, 18:12
  - did you listen to This American Life about the bailout? -- nm - slutty zombie loosilu Oct 29, 16:48 8
    - I'm only a few minutes into this one. As good as the 'global pool of money' one? - Dr.Vermin Oct 29, 16:49 3
      - and then some. -- nm - slutty zombie loosilu Oct 29, 16:49 2
        
        Sweet. /fires up the Zune/ -- nm - Dr.Vermin Oct 29, 16:52 1
        
        at the end of it, I actually understood a bit about the corporate paper market and why it was in such a scary place a few weeks ago. -- nm - slutty zombie loosilu Oct 29, 16:54
    - nope. -- nm - znufrii Oct 29, 16:48 3
      - Fanfriggingtastic. Go listen. -- nm - slutty zombie loosilu Oct 29, 16:49 2
        
        *puts it on his list* -- nm - znufrii Oct 29, 16:49 1
        
        They ask a great quesiton at the end... "Is it fair for me to be angry, and who should I be angry at?" - slutty zombie loosilu Oct 29, 16:51
- although I hate the rewarding poor decisions aspect, the problem is now so big that we all are paying. - slutty zombie loosilu Oct 29, 16:46
- the IM is probably correct. -- nm - Beryllium McGee Oct 29, 16:46

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