Comments on: How the Mortgage Bailout Hurts Me http://blog.filife.com/how-the-subprime-mortgage-bailout-hurts-me/ A production of FiLife, a new personal-finance site that goes live later this year. Thu, 04 Dec 2008 02:59:05 +0000 http://wordpress.org/?v=2.6.2 By: Bialczak http://blog.filife.com/how-the-subprime-mortgage-bailout-hurts-me/#comment-435 Bialczak Tue, 18 Dec 2007 14:28:41 +0000 http://www.filife.com/how-the-subprime-mortgage-bailout-hurts-me/#comment-435 What about all the money invested on the short side of the mortgage industry? Has govt' intervention upset that market? I haven't heard outrage from WS on the matter but it's clear billions were bet on this collapse. What about all the money invested on the short side of the mortgage industry? Has govt’ intervention upset that market? I haven’t heard outrage from WS on the matter but it’s clear billions were bet on this collapse.

]]> By: thebrokedown http://blog.filife.com/how-the-subprime-mortgage-bailout-hurts-me/#comment-385 thebrokedown Wed, 12 Dec 2007 07:05:42 +0000 http://www.filife.com/how-the-subprime-mortgage-bailout-hurts-me/#comment-385 My understanding is that the rate freeze is even more pointless than you have outlined. This rate freeze will help those with sub-prime loans who ARE current, with good credit scores. So, those who are behind due to their own over-extending or those who were ignorant and fell victim to what amounts to loan fraud, will not be "bailed out." Only those few with risky loans who are actually fulfilling their end of the bargain will benefit-and more power to them-but the rest of the possibly millions of loans will default anyway. This lip-service will not help you, with a prime mortgage, or those who are over their heads, or, finally, America as a whole. I feel that I am not overstating when I say that those who have perpetrated this loan fiasco are guilty of damaging the US to a degree which "terrorists" could only aspire. My understanding is that the rate freeze is even more pointless than you have outlined. This rate freeze will help those with sub-prime loans who ARE current, with good credit scores. So, those who are behind due to their own over-extending or those who were ignorant and fell victim to what amounts to loan fraud, will not be “bailed out.” Only those few with risky loans who are actually fulfilling their end of the bargain will benefit-and more power to them-but the rest of the possibly millions of loans will default anyway. This lip-service will not help you, with a prime mortgage, or those who are over their heads, or, finally, America as a whole.

I feel that I am not overstating when I say that those who have perpetrated this loan fiasco are guilty of damaging the US to a degree which “terrorists” could only aspire.

]]>