Comments on: Regulators Seize Troubled IndyMac

By: Lisa P

Lisa P — Thu, 20 Nov 2008 04:23:37 +0000

It so happened that there are some major instances in life that we need to analyze, in choosing the mortgage loan like this credit repair that they are covering.
It appears that a TARP was not enough to cover up the mortgage crisis. Endangered mortgage homeowners could not benefit from the kind of credit repair scores presented by Treasury Secretary Paulson’s Troubled Asset Relief Program. On the contrary, 1.5 million homeowners can obtain a sense of security when they’re facing foreclosure through the Federal Insurance Corp Chairman Sheila Bair’s new mortgage modification program. This straightforward system, a $24.4 billion program drawn from the $700 billion pool that TARP set up, will allow lenders a stipend of $1,000 per loan they renegotiate with financially stuck homeowners. In the event of default on a loan, the FDIC has pledged to take on up to 50 percent of the loss. While Paulson proclaims this as a mere spending that will only bankrupt the FDIC, many view Bair’s movement as a needed investment to maintain the liquidity in the mortgage industry. While this won’t solve all the problems immediately, it’s certainly a bold effort to help repair credit.
Click to read more on http://personalmoneystore.com/moneyblog/2008/11...
>Credit Repair

By: Carol

Carol — Sun, 13 Jul 2008 08:58:49 +0000

Does this bank has ATMs? I bet a lot of people then spent their weekends drawing out everything they can get out of them and plan to be at the bank doors Monday morning with withdrawal slips for the rest. Stuff like this is why I'm glad I'm at a credit union. Credit Unions can make these crazy deals.

For weeks now, all of the old Depression phrases have been running through my mind-”Brother Can You Spare A Dime”, “Nothing to Fear But Fear Itself”, “Victory Gardens” and so much more. The way things are going, Obama probably could give FDR's First Inaugural speech with only a few edits. Will there be “Bushvilles” and tent cities on the National Mall by January?. We've already seen the rebirth of home vegetable gardening and canning. What other depression era phenomena are we going to see? My mom lived through the Depression-maybe she has some tips on how they got through. I'll e-mail her and ask.

By: Tish

Tish — Sat, 12 Jul 2008 11:16:10 +0000

I'm with you Noel “wow”.

Can you imagine those invested in the bank how their weekend is going. I'd hate to hear the words “not until Monday” in reference to how I'll be able to control my funds. I'm ticked off most banks aren't open on Sunday. So I can't imagine.

By: noel

noel — Sat, 12 Jul 2008 05:15:20 +0000

wow

By: christopher Chambers

christopher Chambers — Sat, 12 Jul 2008 04:44:49 +0000

Things most be bad–back in the ole days of the Bush Administration, the OTS threatened, took over or allowed others to swallow up ONLY African American owned and operated banks like Independence Federal In DC.
This is the nation where the rich shop for hospitals whilst even those with health insurance deal with bureaucratic bull.
But you know, if Gramm etc didn't understand that the average American was an idiot who refuses to see the truth, then he wouldn't say such things.

By: bigassbelle

bigassbelle — Sat, 12 Jul 2008 01:48:36 +0000

all in your head. hush up now, you whiners.

By: TruthSeeker

TruthSeeker — Sat, 12 Jul 2008 01:08:40 +0000

Well, maybe he thinks you can get Deepak and the guys from The Secret, and have a nationwide meditation to change your reality.

Hey, if they can pray for rain along Christian lines…