Comments about ‘McCain's plan for mortgages is questionable’

Okay, McCain's plan may be questionable.

And Obama's plans would be catagorized as what, other than socialist redistribution of wealth, or unsustainable tax burdens, or unprecedented spending?

Give me questionable over impossible any day.

It is all political pandering (that is what seems to win elections), this crisis was not caused by people losing the homes they live in. The financial companies where prepared for that, but they where not prepared for the huge amount of speculators, house flippers, that simply walked away when home values dropped.

You can't legislate moral hazard.

Thank you for writing this letter. I'm so exasperated right now about what government is doing and what the two primary presidential candidates are saying, I don't know where to turn.

"You can't legislate moral hazard." Didn't we just dole out $700 billion? This is why Americans once regulated banks. They realized if banking failed, the public would be picking up the tab.

Good news: Obama loses
Bad news: McCain wins .... and we're stuck with another pseudo-Republican, stealth Democrat. McCain just floors me with his pandering to "independents" with his global-warming believin', big-business hatin' rhetoric. And I agree Jay. His mortgage bailout plan is ridiculous. If they do that the Government better send me a check for the difference between the value of my home and the payoff balance. And that's not going to happen. I blame all the Donald Trump wannabe house-flippin' speculators for driving up prices and then bailing out when they were finally left holding the bag. Can we start a new debtors' prison? They did that in England. Send 'em all to Georgia or Australia and let them start fresh?

Where McCain'sidea to keep the money flowing to big business and banks better? The government should be buying houses? There is nothing more questionable than that.

Some say don't bailout anyone. Just let the greedy investors fall on their whatever's; let the people be flushed from the houses they couldn't afford in the first place.

Take a deep breath. Here is relity.
The investors many want to fall flat are their own retirement programs. Their own governments who invest the cash they are not using at the moment in interest paying mutual funds - who in turn invest it in equity investments. Yep! Let the nation's retirement funds and local governments fail and go out of business.

'Nother deep breath! THen all the folks who have lost their homes and jobs from the huge crash can rely upon the government for housing food and medical care.

Nother very deep breath! And, those still with jobs can foot the bill with higher taxes until the mortgage payment can't be afforded or the job goes away.

Is it socialism when government takes money from a single person to educate children? I'm single and I call it my responsibility.