Comments on: Mortgage Crisis: What Should Government Do?

By: Yomi

Yomi — Wed, 05 Mar 2008 17:29:13 +0000

There are two categories of people in this mess; speculators who got in the game on impulse of greed and common people who genuinely want to live the American dream but were deceived into a getting a loan they can’t afford to pay when interest reset or by virtue of economic eventualities, are facing foreclosure. It is my opinion that the government should reach out in some ways to the latter but not necessarily give them a “hand out”

By: Don Parker

Don Parker — Fri, 09 Nov 2007 18:47:17 +0000

The “Las Vegas Sun?” Isn’t that the part of the RJ that you have to strip away to get to the sports section?

By: Hermann Glockler

Hermann Glockler — Tue, 06 Nov 2007 00:44:17 +0000

I am not blaming those that hoped the time was right when they bought their home. I am not willing to question their motive, but for the “Flippers” who got stuck on the last round.

My problem is with the staff and reporters of a newspaper, who see the government as the best way to address the problem.
To you I have one question: When was your last experience at the DMV so positive, that you would like to repeat it or wish it on a ?

No matter how bad the interface with your mortgage broker, it is infinitely better than with the government. Ever called a government and had the phone answered on the first ring??

One will still see you as a future client, while the government employee simply is interested in waiting you out for quitting time and the government pension.

There is a reason news paper circulation is falling, buying it is a bad investment.

By: Doug

Doug — Sat, 03 Nov 2007 22:24:15 +0000

No doubt… these morons who bought beyond their means - and enjoyed healthy profits throughout the boom are now crying the blues because they had no idea what they were doing. Boo frickin hoo.

They certainly weren’t offering up their profits to the government to “help out” when they were making all this dough.

I know it sounds cold and mean, but seriously - screw em. Perhaps the Las Vegas Sun would be willing to take some of its massive profits and subsidize some of these people’s house payments. Maybe a donation effort on their front page. Oh wait! The Sun has very little profit. I forgot, they are nearly gone as it is. Apparently their vast knowledge of business has not served them well either.

I do agree with the previous poster that if they lose money and are reimbursed, then I should be reimbursed by the government for my gaming losses. (LOL) Blaming the mortgage companies is truly retarded.

By: Bill

Bill — Sat, 03 Nov 2007 20:20:15 +0000

I couldn’t agree with you more Jerry. People (speculators or homeowners who over-extended themselves) go themselves into this mess. Nobody put a gun to their head when they signed the loan paperwork and if they didn’t read the fine print, that is their problem.

This is all about personal responsibility and people being held accountable.

By: Jerry

Jerry — Sat, 03 Nov 2007 17:07:16 +0000

Government should do absolutely nothing. The speculators that helped cause the problem deserve whatever they get. Some of those folks that took a chance on funny money mortgages will loose. That is the same as those that play the slots. Both gamble that they might win. Should government bail out the slot loosers also?