Tuesday, December 7, 2010

If Banks received a huge bailout to buy bad loans-why cant the people keep their homes? the banks get both?

With Banks receiveing 850 billion and now I see they are looking for another 800 billion-why is it that the people who bailed them out (taxpayers) are losing their homes? Was the bailout not ment to buy up the bad mortgage debt? why does the bank get the land, the payments from the people who were trying to pay their mortgage and over a trillion dollars that you poor hardworking americans will never see again.


because the banks can pay back these loans.

The people that put $0 down, and got a rate a 1% hoping their house would go up in value so they could afford their loans, cannot

it isn't fair to paying Americans that did not over spend on a home and were prudent in their finances

Because those people who are losing their homes didn't pay their mortgages. The bailout was to bailout the bank...not the People. Those people shouldnt have gotten the loans to begin with since they couldn't afford them.

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