Glad There Is No Financial Bailout Yet
by Matt
(Tallahassee, Florida USA)
Regarding Good! There Is No Financial Bailout Yet: Glad there's no financial bailout yet. Well guys, I'd like to be mad at you for deciding to take a few days off after doing nothing productive at all. Unfortunately whether a bailout was agreed upon or not, it probably would not have made much of a difference, if any at all.
**Super Kate Tip: Know your credit score!
Free Credit Score - See yours at CreditReport.com!**
Playing politics and trying to accomplish good things for the American people just doesn't work too well.
All of this mess was caused by the companies that you are trying to assist creating bad loans to people who either did not know what an adjustable rate is, or buying more than they can afford, like most Americans do everyday. This is not the best solution. Giving them more money, to create more credit losses? Seems to me like putting a band-aid on a bullet wound.
So overall, I have to say that I'm glad that no agreement has been reached on the financial bailout package. Nevertheless, I'm still wary that an agreement will be reached and not a soul in this country will be enriched and wiser for the experience.
I don't have the solution, if I did, believe me, my voice would be much louder right now. At the same time, I'm absolutely positive that arbitrarily giving money to assist with bad loans and bad credit given to bad consumers will not change a thing.
If you ask me, we need to let these irresponsible companies crumble. Let people lose their insurance. Let them lose their homes. I know it sounds harsh, but if no lessons are learned in this and everything in the market just goes back to normal won't the same thing just happen again in the near future? Both the companies and consumers will just recall this very economy and think. Hey, last time this happened, the government was here to help us out. They'll definitely be around this time too.
Matt from Tallahassee
THE MISSION - Create 100 Millionaires by 2012
We formed our community of ordinary people, with a passion for creating a legacy, fulfilling dreams, and reaching goals.
Now we leverage the internet... Super Kate invites you to Come See!
Return from Glad There Is No Financial Bailout Yet to Get Your Best Mortgage Rate
Quit Borrowing From Dad
Need another car? Home improvements? Debt consolidation?
Money is still tough to get from banks (and Dad too).
Use peer to peer lending instead!
Follow My Blog
Free and easy!
Search My Site
Get answers!
Do-It-Yourself Loan Modification
$1000 or $39.99 - Which is right for YOU?
Not sure? Answer these 5 questions to find out.
The Freedom You Want Is Waiting For You
Come join us. Let's do this together.
There is a successful entrepreneur in all of us. Unlock Yours here.
How I Make Money
I finally came to grips with closing my mortgage company.
But I still wanted and needed to make money!
UNIQUE Mortgage Tips and Solutions From Kate
Discover Kate's Best Mortgage Blog today. Keep up to date on what's new about mortgages and additional tips to unlocking the secret code of mortgage lending.
Where to find your best best mortgage advice or not!
What to do if your mortgage loan approval begins to hiccup.
How much can you afford in a mortgage payment and why your lender doesn't know.
Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.
Discover how to compare mortgage closing costs to get the best rates for the least cost.
Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.
How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?
This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.
Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.
Ask Kate For Solutions - Ask a question to get an answer from Kate.