Why Hillary may lose - 90 day moratorium on foreclosures

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Friday February 01, 2008 · 5:34 AM PST

2008/02/01 · 05:34

First off I do not want to see people lose their homes, but I am not willing to accept bad fiscal policy for people who made poor financial decisions.

Hillary said in the debate :

I think it’s imperative that we approach this mortgage crisis with the seriousness that it is presenting. There are 95,000 homes in foreclosure in California right now. I want a moratorium on foreclosures for 90 days so we can try to work out keeping people in their homes instead of having them lose their homes, and I want to freeze interest rates for five years.

Two glaring problems are the 90 day moratorium on foreclosures, and freezing interest rates.

The key to winning the election is winning over moderates.

BigRock

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Thursday January 24, 2008 · 7:41 AM PST

2008/01/24 · 07:41

Apparently the Bush Administration has taken out an entire pro-rail section of the latest Surface Transportation Commission Report. The Surface Transportation Commission voted 9-3 in favor of this Pro-rail section.

After the billions and billions of dollars we have spent on Iraq and Afghanistan, if we took half of those billions and put it all into rail infrastructure, enough people wouldn't have to drive to work everyday and we wouldn't need any mideast oil. If we could eliminate most flights between cities of 400 miles or less with 150+ miles per hour trains, people would flock to electrified high speed rail in droves!

BigRock

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Thursday July 12, 2007 · 6:25 AM PDT

2007/07/12 · 06:25

I am so angry that there is even talk about bailing out people who have subprime mortgages, and in Massachusetts putting a 90 day moratorium on mortgage foreclosure proceedings.

The link below from today's Boston Globe reports that in Massachusetts everyone who has a subprime mortgage from Fremont Investment & Loan now has 90 days before forecloseure filings begin.
2,200 to get reprieves on foreclosures

The only saving grace about this specific situation is that they aren't using Massachusetts tax dollars. It's bad for the home owner, they probably won't be able to afford a fixed mortgage anyway with interest rates rising. I personally think this entire mortgage bailout was partially concocted by the real estate industry to keep prices artificially high.

Unfortunately, there is a new Massachusetts fund to help bailout people. More below the fold.

Poll

46 votes Show Results

Should the government help people who can't afford their adjustable mortgage?

46 votes Vote Now!

Should the government help people who can't afford their adjustable mortgage?

Yes

6 votes

Yes, but only those whose mortgage documents didn't specify that it was an adjustable rate

10 votes

30 votes

Judge rules Rhode Island gay couples can marry in Massachusetts

BigRock

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Friday September 29, 2006 · 9:41 AM PDT

2006/09/29 · 09:41

From the Boston Globe :

"In a significant victory for gay rights advocates, a Superior Court judge ruled today that a lesbian couple from Rhode Island may wed in Massachusetts, finding that Rhode Island's laws do not explicitly prohibit same-sex marriages."

http://www.boston.com/...

Great news! I was suprised that there was no large anti gay marriage rebuttal in the article.

I'm thinking the right has gay marriage fatigue.

$2000 debit card per household vs. $200,000 per household

BigRock

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Thursday September 08, 2005 · 8:44 AM PDT

2005/09/08 · 08:44

You've probably heard about the $2000 debit cards people are getting to help out in the aftermath of Hurricane Katrina.

What about $200,000 per family?

$200,000 per family to start a new life would go a long way, but that isn't for Katrina victims. The $200,000 of US Government funds is actually for re-settlement of people being forced to leave the Gaza Strip and the West Bank in Israel.

What are the priorities of our Government?

Update [2005-9-8 12:10:4 by BigRock]: The original title was "$2000 debit card per adult vs. $200,000 per family", but I have been informed it is per household not per adult. Read More

Bush photo op

BigRock

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Tuesday September 06, 2005 · 10:54 AM PDT

2005/09/06 · 10:54

There was a striking dicrepancy between the CNN International report on the Bush visit to the New Orleans disaster zone, yesterday, and reports of the same event by German TV.

ZDF News reported that the president's visit was a completely staged event. Their crew witnessed how the open air food distribution point Bush visited in front of the cameras was torn down immediately after the president and the herd of 'news people' had left and that others which were allegedly being set up were abandoned at the same time.

The people in the area were once again left to fend for themselves, said ZDF.

http://www.warandpiece.com/blogdirs/002485.html

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Why Hillary may lose - 90 day moratorium on foreclosures

Surface Transportation Commission’s Pro-rail Section Disappears from Report

Tax dollars bailing out subprime mortgages

Judge rules Rhode Island gay couples can marry in Massachusetts

$2000 debit card per household vs. $200,000 per household

Bush photo op