McCain's mortgage buyout plan

iVillage Member
Registered: 08-05-2004
McCain's mortgage buyout plan
31
Thu, 10-09-2008 - 10:04pm
What do you think of John McCain's proposal to spend 300 billion dollars in federal funds to buy distressed mortgages?
iVillage Member
Registered: 01-28-2004
Fri, 10-10-2008 - 1:32pm
Obama won't be able the change things, I'm shocked! That's not what he's been preaching for 18 months.
iVillage Member
Registered: 08-20-2008
Fri, 10-10-2008 - 7:58pm

If the 300 billion would be part of the 700 billion dollar package, then why didn't McCain think of that when he "suspended" his campaign to focus on the 700 billion plan? Back when McCain suspended his campaign, all he did was throw a giant rock into the already roiled markets by stalling the plan for a week.

Anyway, where are the details on this 300 billion plan?? It looks to me like McCain is just spouting off again.

iVillage Member
Registered: 07-22-2004
Fri, 10-10-2008 - 11:24pm
again, i could be wrong but it seems like I heard
iVillage Member
Registered: 08-31-2003
Fri, 10-10-2008 - 11:30pm
To be honest, I don't know all the details, so I don't completely understand what he is proposing. My intial reaction is that it is pandering to get votes from those that care nothing more than which candidate is going to put money in their pockets.
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iVillage Member
Registered: 08-31-2003
Fri, 10-10-2008 - 11:34pm

This statistic bothers me, these people are included in any bail out plan for homeowner's.

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iVillage Member
Registered: 08-31-2003
Fri, 10-10-2008 - 11:35pm
Interesting.
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iVillage Member
Registered: 08-31-2003
Fri, 10-10-2008 - 11:39pm

Yep, and that last bipartisan effort sure was helpful wasn't it.

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iVillage Member
Registered: 04-02-2008
Fri, 10-10-2008 - 11:51pm
Reagan did in 2 years.
iVillage Member
Registered: 11-08-2003
Sat, 10-11-2008 - 1:50am
Reagan didn't face an economic crisis anywhere near what we have today. Not even close!

 Rose

iVillage Member
Registered: 10-11-2008
Sat, 10-11-2008 - 2:15am

I definitely can't say that I'm sold on McCain's plan to buy the mortgages, but I don't see another option being discussed at this point. I mean, did Obama come up with any ideas? Or did he just vote "present" like usual?


Yes, we should be blaming the banks for providing the loans, and a Times article during the Clinton administration in 1999