It is not the governments job to protect the public from its own ignorance. I bought my first home 4 years ago at the age of 21 and paid 20% down. No crazy mortgage terms for me, and Im no trust fund baby. I save for larger goals at the expense of the frivoulous items people seem to feel entitled to. If you are determined to have everything now regardless of your ability to pay for it and without thinking of the consequences later on, you deserve to lose your home. You shouldn't have bought it in the first place. The responsible folks in this country should not have to pay your bills for you. We have plently of our own.

You are the man !!!!!!!!!!!! That is just like me.I have some nice houses but i am yet to own a hd/flat/plasma/big screen TV. many of my friends have them and always cry about not being able to afford a down payment on a house. I tell them stop spending your money on crap like cars and Tvs.

Let me put it to you plain and simple...the reason most of these people lost their homes was because they had no personal ability to figure out that they couldn't spend more per month than they make. So, interest rates went up and their payments went up with them. They went after the biggest house with the biggest mortgage without making enough money each month to pay for it.

Liberals believe government should pay for everything. WHAT ABOUT A LITTLE PERSONAL ACCOUNTIBLITY!!!

By-the-way...this sham of a housing bill, which has exploded the national debt...is the product of Pelosi and Reid working hard for YOU!!

This is a joke, that we the taxpayers, have to reward irrepsponsible lenders for predatory lending practices, corruption and greed.

I hope for many american it does succeed, but reality shows that the Bush / McCain years have totally undermined working americans.
If you aren't rich then to them we don't matter.... 1 america some over look this point.. Bush / McCain endorse the theory of the haves and the have nots..

Obama / Powell 08

Hells bells, maybe my car payment is too high because I bought more car than I could afford, and I'm faced with the possibility of it being repossessed... can Congressional liberals and my wolf-in-sheeps clothing president craft some legislation to pay for my fiscal irresponsibility?

I also didn't know I was yurning to have the possibility of putting my own personal interests before my country. Didn't know the bar was set so low...hmmmm.

POSITION & NOW THEY ARE USING OUR TAX DOLLARS

TO DO US A FAVOR. HE DID NOT HAVE A CHOICE. THE VETO

WOULD HAVE BEEN OVERTURNED. WE SHOULD NOT ELECT

PEOPLE WHO KNOW NOTHING ABOUT THE ECONOMY !!!!!!!!!!!

IF WE GAVE BUSH & MCBUSH THE GED TEST,

GUARANTEED, BOTH WOULD FAIL IT, HANDS DOWN.

John Kerry said that George Bush and Dick Chaney was two of the biggest crooks we ever had in the white house....

Give me some examples of his energy policy that you like?
Give me some examples of his foreign policy that you like?
Give me some examples of his tax policy that you like?

I am just curious...because where I sit he is for no local energy sources, appeasment, and higher taxes.

Is that really what you want?

HE DEREGULATED THE INSTITUTIONS THAT MADE THOSE

LOANS. IN AS MUCH AS, WE DON'T HAVE A CHOICE BUT TO

GO THIS ROUT, NOW HE IS GIVING TAX DOLLARS TO MAKE

SURE THEY GET PAYED. THE MONEY STILL GOES IN SOME

MANNER FROM OUR POCKET TO THEIRS.

I wont be voting for his protege John McCain either.

Let's see: he is leaving the nation, $10 TRILLION IN DEBT!

His war with Iraq, so that Big Oil could take over production in Iraq is costing hard-working Americans: $1.38 BILLION A DAY!

During the Bush/Cheney tenure MORE AMERICANS ARE OUT OF WORK; MORE HAVE HAD TO FILE BANKRUPTCY DUE TO MEDICAL BILLS; MORE BANKS HAVE FAILED. OUR ECONOMY IS A DISASTER!

The world views the USA as a war-mongering nation! BUT…… let's elect McCain! Let's have more failed Republicans in charge!

I ASK ARE YOU REALLY BETTER OFF TODAY THAN YOU WERE 8 YEARS AGO????????????????????????????????????????
_______________________________________________________

I can honestly say YES I am better off today than I was 8 years ago. I have a GOOD paying job, and a house than I CAN AFFORD! CNN post all of the whiney stories of the single mother in California making $45,000 a year and can't understand why she is loosing her $400,000 home! IT'S BECAUSE YOU CAN'T DO MATH STUPID!

Yes, Bush sucks in a lot of ways....but YES he had help with it from Congress (most of which are your presidential hopefuls), but don't lay any blame on them...no no no....blame someone else!!!

You all want a handout...give give give....You say "but the government takes my money...I want "socialistic" programs back from them"...well that is a wonderful circle we are on that we will never get off of until the poor get a job, and the stupid learn Math!!!!

It's funny, Democrats are also quoting the rising unemployment rate...GET A JOB! There are TONS of jobs available...go get one! I look daily at job opportunities and there are tons of them making decent money, some not even wanting a two year college degree! Stop watching left-wing drive by media and learn to support yourselves because I can garauntee you ONE THING. It's that no matter who gets elected now and in the future they will not be looking out for your best interest...it is up to you to do that.

Thank you for letting me rant.

He saves the price of a barrel of oil, and now he saves millions of homes. He lowers the price of gasoline, and now he spends billions of dollars in tax cuts to save us from ourselves.

What a guy!

Can't wait for Novemeber to vote for a non-Bush, non-Clinton– Barack Obama.

When most people are finding it difficult to pay gas, difficulty with their home bill, difficulty with their health care bill.

McCain have all the money to spend on negative ad against Obama. McCain have nothing really to say about Obama so he make things up.

Is McCain the next president you really need NOW? McCainflip flopper, the media cover Obama 75% percent than McCain, but all the coverages are negative news that McCain want them to cover.

All the mispeak, all the flip flops McCain have commited none appears on the news and if they do it doesn't last half a day.

When will the media be fair?

i will repeat that last part.... "FOR" the "PEOPLE"....

(not the corporations... the people)

let that marinate for a while...

LMAO! Thank you.... you TELL these idiots!

RIGHT ON TARGET!!!!!

The fock knews listeners like Andy J, etc.. screaming socialism PREFER NOT TO RECALL THE DE-REGULATION THAT SET THIS MESS UP!

They would prefer the FACIST state that has been in existence since Jan 2001.

For some odd reason – people lie about being able to afford a big fancy home – because they want to have the better home than their peers. That is the simple reason.

If people were more humble, if people were more honest about what they can and cannot afford – then we wouldn't be in the mess.

But yes – there are WAY TOOOO MANY IRRESPONSIBLE "HOME-OWNERS" out there.

And if it hurts to read this – then TOUGH – you should have thought about it before you lied on your application.

As far as the mortgage thing goes, why would you take out an adjustable loan when the rates are extremely low, they have no where to go but up. It was the best time to buy under a standard 30 year fixed. This is how it happened, people got into homes they couldnt pay for. I know people that did this, they couldnt make the payments on a 30 yr fixed but they could on a 7 yr ARM.

Another fine example of how bad our 110th Congress really is...

Ha Ha!!

Two words for all Americans: Impeach Bush!