Where's my bailout?

[Dwayne Drummond]

Took a moment to email my Congresswoman and Senator this morning. I expressed my displeasure with the business as usual approach of bailing out everyone except the one's who need it. I informed them I have had to make several withdrawals from our IRA / Retirement accounts during this slowdown with penalties to avoid foreclosure. If they are going to bail out the banks and certain borrowers without some help for our profession, the least they can do is waive the taxes and penalties on these withdrawals until the current situation changes. If you are in agreement or in the same situation, I urge you to a least do the same. For the record, I am against Government bail outs, period.

 

[ghrousseau]

Took a moment to email my Congresswoman and Senator this morning. I expressed my displeasure with the business as usual approach of bailing out everyone except the one's who need it. I informed them I have had to make several withdrawals from our IRA / Retirement accounts during this slowdown with penalties to avoid foreclosure. If they are going to bail out the banks and certain borrowers without some help for our profession, the least they can do is waive the taxes and penalties on these withdrawals until the current situation changes. If you are in agreement or in the same situation, I urge you to a least do the same. For the record, I am against Government bail outs, period.

I think that is a really good idea. I know a lot of people who have had to go into IRA's to keep the house.

 

[Mztk1]

Or deed into credit card debt.

 

[Chae Hwang]

Bailouts suck

I agree with you. I thought the same thing when we bailed out the airlines after 9/11. I just thought, where are you going to draw the line? why bailout a for profit business?

 

[c w d]

You'll get your bailout at 67 or whatever age they say these days. Oh wait, sorry. SS is underfunded because we had to use that money to bail out the airlines, the banks and so the auto industry.

 

[MBD]

My opinion: help everybody (whether they need it or not) or help nobody. If even one borrower or one bank is bailed out, then every borrower and every lender should be offered assistance.

What about the homeowners who owe more than their properties are worth, are struggling financially, regret purchasing their home, but still make every payment on time? It makes me sick when I read of revising mortgage terms of somebody who didn't read their mortgage contracts and probably lied about their income on their mortgage applications.

 

[The Sheriff]

Can't wait to approach HSBC on October 1st asking them to write down my $140K upside down house (where I have played by the rules, but have seen a huge reduction in business). Either they write it down, or they can have it back and I'll start from scratch in two years while running my business out of a Scottsdale apartment where the eye candy is plentiful.

 

[timd354]

Took a moment to email my Congresswoman and Senator this morning. I expressed my displeasure with the business as usual approach of bailing out everyone except the one's who need it. I informed them I have had to make several withdrawals from our IRA / Retirement accounts during this slowdown with penalties to avoid foreclosure. If they are going to bail out the banks and certain borrowers without some help for our profession, the least they can do is waive the taxes and penalties on these withdrawals until the current situation changes. If you are in agreement or in the same situation, I urge you to a least do the same. For the record, I am against Government bail outs, period.

You will get your bailout right after you hire scores of lobbyists to spread campaign "contributions" all over Capitol Hill.

 

[Terrel L. Shields]

Or deed into credit card debt.

misspell or Fruedian Slip..

 

[Metamorphic]

Took a moment to email my Congresswoman and Senator this morning. I expressed my displeasure with the business as usual approach of bailing out everyone except the one's who need it. I informed them I have had to make several withdrawals from our IRA / Retirement accounts during this slowdown with penalties to avoid foreclosure. If they are going to bail out the banks and certain borrowers without some help for our profession, the least they can do is waive the taxes and penalties on these withdrawals until the current situation changes. If you are in agreement or in the same situation, I urge you to a least do the same. For the record, I am against Government bail outs, period.

I think you're misunderstanding the nature of government. Its not about being fair or helpful. Its goal is to accrue power to itself. Whatever government subsidizes it gets more of. People like you who take personal responsibility for their financial predicament and help themselves will not be bailed out because personal responsibility is not helpful to their true aim. Government wants you to fail so they can save you so they'll own you.