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  • Windsun33: 
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  • Northern Arizona Wind & Sun
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  • windsun.com/
  Just on Fox Business channel - IRS is looking at 107,000 loans for suspected fraud.. Gee, what a surprise.

  Oct 20 01:18 PM | Link | Reply
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  • DaJoker: 
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  I bet the tax credit gets extended...the crooks will get their way.. that's for sure

  Oct 20 01:19 PM | Link | Reply
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  • paulseglund: 
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  Not to mention being unfair to legitimate home buyers that never got a dime of support from these idiotic government schemes.

  Oct 20 01:28 PM | Link | Reply
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  • MarketGuy: 
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  ...everybody sing! - "The wheels on the bus gooo round and round..."

  Oct 20 01:41 PM | Link | Reply
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  • Mad_Max_A_M...: 
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  IRS will find the crooks, no doubt. Then taxpayer can foot the bill to feed them in prison. mmm mmm mmm.
  Barack is change you can count on. mmm mmm mmm.
  He make-ith me lye in 2 trillion dollar red ink. mmm mmm mmm.

  Oct 20 02:16 PM | Link | Reply
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  • zorrow: 
  • Comments (64)
  Pretty clever filter technique, i.e, home mortgage interest deduction plus first time credit claim equals tax cheat. The IRS should assess everyone of the cheats a $1000 penalty payable immediately or $5000 plus legal expenses if found guilty in court.
  
  P.S. Will the homebuilder stocks bounce if and when the credit is extended?

  Oct 20 02:28 PM | Link | Reply
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  • sanimalp: 
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  • mycomputerninja.com
  I love how people whine and bitch about the tax credit while deducting their mortgage interest at the same time and whining about being legitimate home buyers. Those of us without houses have been footing the bill for your mortgage interest deductions for decades.

  Oct 20 03:01 PM | Link | Reply
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  • Mad_Max_A_M...: 
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  Computer Ninja - LMAO
  Quit your whining and don't forget to deduct the interest on your car loan, each kid you one (that's a big one), and the boat loan too. All those deductions add up.

  Oct 20 03:30 PM | Link | Reply
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  • TraderMark: 
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  • Fund My Mutual Fund
  but housing stocks have been weak the past few sessions; extend it! We can't have stocks weak in any sector; I don't care if it takes $40 billion of money we don't have to support 10 stocks in the market.
  
  I believe the cost for the first tranche was something like $43,000 for each additional home that was bought by someone who would not already of been buying a home. Clearly that is an excellent cost for an additional 300-400K homes to be sold in America.
  
  While we're at it, please print us all $200K each.

  Oct 20 06:53 PM | Link | Reply
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  • lower98th: 
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  Just give the $8,000 straight to the banks. The credit only raises the price they get back on their REO. "When the dirt this good, it is a shame to wait for it to go through the vegetables."

  Oct 20 07:00 PM | Link | Reply
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  • bigbear4511: 
  • Comments (65)
  Oh man what a mess just shoot everyone and get it over with.
  
  On Oct 20 01:18 PM Windsun33 wrote:
  
  > Just on Fox Business channel - IRS is looking at 107,000 loans for
  > suspected fraud.. Gee, what a surprise.

  Oct 20 07:33 PM | Link | Reply
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  • bigbear4511: 
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  I was sooooooooooo shocked and surprised that there was so much fraud revolving around the housing credit. Go figure. I never saw this coming. Should I go buy stocks with a joyous rapture?
  
  
  On Oct 20 06:53 PM TraderMark wrote:
  
  > but housing stocks have been weak the past few sessions; extend it!
  > We can't have stocks weak in any sector; I don't care if it takes
  > $40 billion of money we don't have to support 10 stocks in the market.
  >
  >
  > I believe the cost for the first tranche was something like $43,000
  > for each additional home that was bought by someone who would not
  > already of been buying a home. Clearly that is an excellent cost
  > for an additional 300-400K homes to be sold in America.
  >
  > While we're at it, please print us all $200K each.

  Oct 20 07:36 PM | Link | Reply
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  • bigbear4511: 
  • Comments (65)
  The American Way. Try harder at something that doesen't work!
  
  
  On Oct 20 01:19 PM DaJoker wrote:
  
  > I bet the tax credit gets extended...the crooks will get their way..
  > that's for sure

  Oct 20 07:38 PM | Link | Reply
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  • Windsun33: 
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  • Northern Arizona Wind & Sun
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  That is true, of course, has been for decades. Personally I don't think there should be any deductions at all except possibly for an MSA.
  
  
  On Oct 20 03:01 PM sanimalp wrote:
  
  > I love how people whine and bitch about the tax credit while deducting
  > their mortgage interest at the same time and whining about being
  > legitimate home buyers. Those of us without houses have been footing
  > the bill for your mortgage interest deductions for decades.

  Oct 21 10:29 AM | Link | Reply