Reply #42: Why do you think we will get our money back? [View All]

[avaistheone1]

From the way Paulsen was talking about how they would value the assets we would get the raw end of the stick. The U.S. government would then be responsible for maintaining and securing these homes until the market turns around which could be a very, very long time. You could put poor people in the homes, who can not afford to keep the homes up and then you also have the normal wear and tear during their occupancy. Vacant homes are being stripped of their wiring, fixtures and basically anything of value. Keeping homes on the books is a very expensive venture.

Now what kind of assets to we get in return for bad credit cars, auto loans and defaulted credit cards??

This is bad deal for the taxpayers. Just say NO to the Wall Street bailout.