The Washington Times
  • Subscribe
  • Times News Services
  • RSS
  • Mobile Headlines
  • e-edition
  • E-MAIL ALERTS
  • REGISTER
  • LOG IN
  • E-MAIL ALERTS
  • WELCOME
  • Your Profile
  • Log Out
  • Front Page Image
  • Classifieds
  • Autos
  • Real Estate
  • Jobs
  • Special Sections
  • Customer Service
  • Home
  • News
  • Opinion
  • Sports
    • NFL
    • NBA/WNBA
    • MLB
    • NHL
    • Tennis
    • Golf
    • Motorsports
    • Soccer
    • NCAA
    • Olympics
    • Outdoors
    • Other
  • Culture
    • Home & Living
    • Family & Kids
    • Fashion
    • Food
    • Travel
    • Health
    • Washington Visitors
    • Books
    • Military History
    • Life
    • Auto
    • TV Listings
    • Movie Listings
    • Death Notices
    • Entertainment
  • Themes
  • Communities
  • Marketplace
    • Autos
    • Jobs
    • Real Estate
    • Classifieds
    • Shopping
    • Dining Out
    • Education
    • TWT Store
  • Videos
    • Two Guys
    • Birnbaum on Washington
    • Liz Glover
    • Amanda Carpenter
    • Morning Briefing
    • Documentaries
    • Joe Giganti
    • Video Game Minute
  • Podcasts
    • About Headlines
    • Audio and Radio
    • America's Morning News
  • National

    Justices weigh juveniles' life without parole

  • National

    Leadership changes at The Times

  • National

    Hood suspect earlier came under FBI scrutiny

  • National

    PRUDEN: Fatal reluctance to see evil

  • World

    Envoy: Europe relies on U.S. shield

  • National

    'Anti-vaccine' attitude hampers H1N1 effort

  • Business

    Sinking dollar fuels new gold rush

Home » News » Politics

Wednesday, June 25, 2008

Senate advances mortgage aid bill

Rate this story

Average 0.00
after 0 votes
Login or register to rate this story

Vote near for $300 billion act

  • Font Size -+
  • Print
  • Email
  • Comment
  • Tweet this!
  • Share
  • Article
  • Comments ()
  • Videos
Subscribe to this story's comments

Ken_Moyes

The Congress in its usual pandering unfocused way, attempted to cobble together a bailout for those folks suffering from the sub-prime and introductory rate mortgages. It hasn't happened. The target for all this largess is those folks who, acted hastily, committed fraud, did not ask basic questions, or were not content with buying something within their means, or not buying at all. Who else would or could Congress help? How about Congress helping those individuals and institutions who followed the rules? ....... What our Congress does not understand is that too many parties may have a piece of this non-performing loan. Yet even more and different institutions may be financially liable for losses to varying degrees, may derive servicing income from these loans, or may have insured the "securitized" asset. This is too complicated for the likes of the folks in Congress, or for that matter anyone else and thus too many cooks are allowing the decline in property values to continue to plunge and to become runaway housing deflation, with no effective solutions on the horizon. This is very bad for two reasons. Read the whole piece at: http://brokengovernment.wordpress.com/2008/06/30/why-isnt-the-housing-bailout-effort-working/
Mark as offensive

Post a comment

There are comments on this article, submit your opinion!

Please login or register to post a comment

Top Stories

Most Read

  1. KELLNER: New Apple mouse really is 'Magic'
  2. EXCLUSIVE: Rare virus poses new threat to troops
  3. Parents buying homes for kids at college
  4. EDITORIAL: Too scared to recognize terrorism
  5. Deer dies after leap into D.C. zoo lion exhibit
More Top Stories »
  1. Court refuses to halt sniper's execution
  2. Federal Reserve opposed as big bank savior by odd allies
  3. House OKs health reform bill
  4. Annandale man killed in hit-and-run
  5. Inside the Beltway

Most Shared

  1. KELLNER: New Apple mouse really is 'Magic'
  2. Deer dies after leap into D.C. zoo lion exhibit
  3. PRUDEN: Fatal reluctance to see evil
  4. EDITORIAL: Too scared to recognize terrorism
  5. EXCLUSIVE: Rare virus poses new threat to troops
More Top Stories »
  1. Defense nominee won't reveal potential conflicts
  2. Parents buying homes for kids at college
  3. 'Fuzzy math' could drive health bill cost higher
  4. Families of sniper victims reach settlement
  5. The siren call of Shariah

Most Commented

  1. EDITORIAL: Too scared to recognize terrorism
  2. House OKs health reform bill
  3. 'Fuzzy math' could drive health bill cost higher
  4. Army chief wary of backlash against Muslim soldiers
  5. Health bill faces roadblocks in Senate
More Top Stories »
  1. EDITORIAL: Mr. Obama, stay away from this wall
  2. Lieberman vows probe of Hood rampage
  3. Defense nominee won't reveal potential conflicts
  4. PRUDEN: Fatal reluctance to see evil
  5. Suspected Fort Hood shooter is awake, talking

Listen to Washington Times Radio

  • America's Morning News

    with John McCaslin and Melanie Morgan

Question of the day

D.C. sniper John Allen Muhammad is scheduled to die by lethal injection tonight. Do you believe in the death penalty?

Blogs & Columns

  • POTUS Notes

    New Dem talking point on Obama approval doesn't wash

  • The Back Story

    12 arrested at Pelosi's office

  • Belief Blog

    New Vatican constitution released

  • Out of Context

    Foods that might kill libido

  • Technology

    Facebook wins round against phishing spammer

  • On the Fly

    United lifts some 'award' blocking

  • Redskins 360

    No interest in Johnson

  • Tara's Two Cents

    On their way to summer vacation..

  • SNOBlog

    Beyond 'Woody'

Videos

Advertising Links
TWT Store
  • e-edition
  • Print Edition
  • Weekly Washington Times
TWT Affiliates
  • Middle East Times
  • Golf
  • UPI
  • Arbor Ballroom
  • Washington Times Global
  • About TWT
  • Press Room
  • F.A.Q.
  • Work for TWT
  • Advertise
  • Sponsors
  • Contact Us
  • Privacy Policy
  • Site Map

All site contents © Copyright 2009 The Washington Times, LLC.