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The Treasury approves mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon,...

The Treasury approves mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina, and will be sending the states $600M to help up to 50K unemployed homeowners avoid foreclosure.
Comments (10)
  • citizenleung
    , contributor
    Comments (249) | Send Message
     
    Come on, South Carolina, let's see you reject this federal money. If you don't, you're a hypocrite.
    4 Aug 2010, 09:01 AM Reply Like
  • Jason Tillberg
    , contributor
    Comments (1241) | Send Message
     
    Bailout for the private banks as public money is used AGAIN.

     

    Just default and transfer wealth to citizens please!!!!! Move into trailer home, S. Carolina I believe has many. Your standard of living will rise as you will be liberated from debt.
    4 Aug 2010, 09:07 AM Reply Like
  • haschrad
    , contributor
    Comments (49) | Send Message
     
    Alvin Greene's influence pays off already.
    4 Aug 2010, 09:07 AM Reply Like
  • Just Askin
    , contributor
    Comments (23) | Send Message
     
    Legislated charity (because that's what all these programs are) is FOUL. It is divisive, breeds resentment, encourages dependence, and codifies moral hazard. It is a sickness in our "elected representatives" that is beyond the pale.

     

    It is NOT a "national emergency" that some poor shlub in South Carolina is on the verge of losing his or her home. But since Obama's election the battle cry has been "Got wealth? Pay taxes? If so, you are our ENEMY, and what's yours needs to be 'redistributed' to those who 'DESERVE it more!"
    4 Aug 2010, 09:20 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    But after Charlie Rangle and Maxine Waters get their cut, that's only 50 million for the states. Oh well, as my old teacher used to say, "Government spending is like trying to water the garden with a leaky bucket."
    4 Aug 2010, 09:29 AM Reply Like
  • Duude
    , contributor
    Comments (3374) | Send Message
     
    So now we're paying the mortgage on unemployed people? I feel for those that are unemployed but how do we rationalize doing this while renters pay their rent as well as a taxpayer share for the unemployed to stay in their homes? I would wager a guess that of those that are unemployed and not able to pay their mortgage that 90%+ will lose it anyway. Since this is real money we're flushing perhaps we ought to instead expand that stimulus plan research study looking at monkeys on cocaine.
    4 Aug 2010, 11:01 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I want some.....its FREE money...LOL...
    4 Aug 2010, 11:08 AM Reply Like
  • TraderD
    , contributor
    Comments (52) | Send Message
     
    Another waste of taxpayer money that will only delay the unemployed in seriously looking for work and adjusting their lifestyles to match their income. Studies have proven that most of the chronically unemployed only get serious about looking for work the month before their unemployment checks stop. But not to worry, the goverment will not only extend the unemployment benefits, now they will pay your mortgage ! Maybe I'll stop paying my mortgage and let our Socialist government pick up the tab.
    4 Aug 2010, 11:10 AM Reply Like
  • paulseglund
    , contributor
    Comments (94) | Send Message
     
    \When are the small business owners that are struggling to pay bills get any help? There is no safety net, benefits or security while we keep lavishing money on people that are gaming the system.
    4 Aug 2010, 11:36 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Just another backdoor to the Fed's "closed" MBS buying program. Keep watching American Idol and sipping your Starbucks in your slumber America...nothing to see here.
    4 Aug 2010, 11:37 AM Reply Like
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