This will REALLY HONK you OFF

[GeoFisher]

http://www.msnbc.msn.com/id/29146768/

Here is a quick couple quotes from the article..........Basically to fix the mortage mess, the Government is going to purchase back BAD loans refinance them at a smaller note, and KEEP people in their house......THIS IS BS........total unequivical BS......and if you REALLY BELIEVE this is a good solution, you're a SOCIALIST........pure and simple.

Under the proposal, the government would draw on $50 billion in funds already approved for the financial bailout to buy up millions of mortgages at a discount. A $300,000 mortgage on a house now worth $200,000, for example, might be bought at a 30 percent discount.

The homeowner then would be able to refinance the smaller mortgage with lower monthly payments. The government could then sell the loan back to investors, freeing money to buy more loans.

Here is the problem I HAVE..........the SCUMBAG LOSER that purchased a home he could NOT afford, now makes a 30% profit......YES PROFIT................YES.......FREAKIN PROFIT........Man I'm burning UP..........

When the market rebounds, and it will and the equitity in the home appreciates......YOU AND I GET SHAFTED, for doing the RIGHT THING, while SCUMBAG LOSER.........makes a PROFIT..........

MAN, this honks me OFF.

TOTAL CRAP.

Later,

Geo