Comments on: The Many Faces of the Mortgage Crisis

By: Dr David Black

Dr David Black — Mon, 25 May 2009 21:57:40 +0000

Health care has become too expensive for most people today.
Dr.David Black
www.blackchiropractic.com.au

By: janice

janice — Mon, 20 Apr 2009 18:20:15 +0000

Eye Opening Info. Thanks.

By: Anthony K.

Anthony K. — Tue, 24 Feb 2009 02:24:16 +0000

Federal Reserve Chairman Ben Bernanke says banks need much more than a payday loan to end the mortgage crisis. After $350 billion from the Troubled Asset Relief Program was spent on aiding financial institutions, more than half of modified loans ended up in default anyway. Even access to a payday loan couldn’t help most homeowners, and 53 percent of them ended up in default within six months. Now Bernanke is saying even more rescue money is needed to get the economy back on track. After the shady way the original funding was tracked after the Treasury was given basically a free license to spend it however it saw fit, I am a little skeptical about throwing more money at the same cause. Luckily, Obama says there will be more oversight regarding the remaining $350 billion, which will be available soon. To read more about this topic, visit your payday loan news source.

By: Bill Zielinski

Bill Zielinski — Mon, 26 Jan 2009 06:08:56 +0000

You have a good point on deciding who to help with past due mortgages. There are no easy answers here. Time and price may wind up being the ultimate solution to home prices.

By: Elijah

Elijah — Sat, 24 Jan 2009 01:02:06 +0000

"The skyrocketing costs of health care have left many stuck between a rock and a mortgage after being laid off"

Left between a rock and a mortgage.. what a poetic way of putting it!

Obama has a serious task on his hand, one that I question if he will be able to flip within his initial term.

The real loser is the average homeowner.. it seems in any crisis that the real loser ends up being the average anybody!