If Bush was doing his job in the first place we would not have to bail anyone out. Correct me if I am wrong but isn't our government suppose to be in place to protect the people??? To make sure we are not getting ripped off daily.... uhmmmm, missed that train Bush!

noone in the republican party wants to be seeen with him.

Becky -

Personal responsibility?

Nothing the government manages, it does that terribly efficiently.

No it's not the governments job to make sure we don't get ripped off that's our job. This bill is terrible. Why should the responsible Americans in this company have to bail out the idiot companies and the idiot people who took bad loans?

This Bill makes me mad as hell. Why should We responsible, hard working, live within our means people, pay to bail out irresponsible freeloaderes?The mortage companies and banks made billions off of the whole thing and we the honest, hard working, responsible citizens have to bail out irresponsible high living jerks. The politicians are always telling us what they are going to do for the irresponsible and poor but None of them ever say what the are going to do for me except pay for their givaways. They are redistributing the wealth of his country alright.Only problem they are taking it from the average middle class Americans who works hard and plans for their families future. This makes us want to quit and live life care free and irresponsible. Apparently the politicians think we are all like that. Both parties have failed us and it is a hopeless feeling with the clowns running for POTUS.Once they convince us we are wasting our time trying to get ahead, because they are going to take every thing we make to pay for other peoples' stupidity. Who will bail out the loosers then.

This is the republican way...privatize the profits (mortgage companies and lenders made billions) and socialize the losses (we all pay for the damages that the mortgage and lending companies created).

The mortgage industry was deregulated in the 80's but nothing happened until the Bushes came into office. Let's not forget that the bail out of the Savings and loans (where the S&L's were deregulated) happened when Reagan was in office and let's see who was on the board of directors of the main problem S& L, Neil Bush, our current President's brother. Oh wait, no let's see who was one of the implicated infamous Keating Five, none other than MR copy cat Bush, himself- MCCain. Come on Republicans come over to the daylight. They are screwing you over and you love them blindly. Wake up. At the end of the day the middle class will bail out the wealthy. Make no mistake the ones at fault are not the brokers or the buyers of home, but the large mortgage companies, the large builders. There were no measures in place to curb speculation because that is exactly what they want to make money, just like it is happening with the oil as we speak. We need a Democrat because regulation creates structure and not chaos (what we have now). Stop the theft and nepotism.

I have a problem with the ignorance on the board. Not everyone involved in this market disaster is a freeloader or is unintelligent. My husband and I bought a house that we could afford and have been able to afford for the past two years. We used a conventional 30 year loan, put a substantial amount down, and were able to get a fantastic interest rate, which is something that most financially savvy people with excellent credit do Unfortunately, we have to relocate and because of the current market situation our house depreciated by 300,000. The average person does not have 300,000 to give someone to take their house. I wouldn't call us stupid or freeloaders, but if the bailout will help, I will gladly accept. Not everyone is in this situation because of making stupid decisions.

Is anyone accountable any more??? No one comes to my rescue when I make poor financial decisions. Oh well that's they way we DON'T learn from our mistakes.

I get so sick of these stupid people who don't remember crap. Everyone forgets the crap the Democrats have done. Call China, ask them about Clinton. They love him, as well as so many idiots here in the US. At least the government is helping out America at this point. It's about time. Most Americans have struggled to get themselves somewhere in this life and degrading some who need help is repulsive.

whether you agree or disagree, and whether you feel that people and companies brought this on themselves, if this large number of people lose their home, and companies go and companies go under, all of you HARD WORKING, RESPONSIBLE PEOPLE are going to go down also

whether you agree or disagree, and whether you feel that people and companies brought this on themselves, if this large number of people lose their home, and companies go and companies go under, all of you HARD WORKING, RESPONSIBLE PEOPLE are going to go down also

This is a sad day. The leftists want everyone to have an opportunity to have a home, whether they can afford it or not. The banks make the leftists happy, and accept a bunch of loans (mandated by quotas!) that they previously wouldn't have. Surprise, surprise, the people who couldn't afford the houses couldn't afford the houses. Duh! The loans are losers.

Does anyone blame the leftists for using their hearts when they should have used their heads? Same for the banks? No, not the leftists, yes, the banks. So what does Bush do? What any good graduate of Harvard or Yale would do, take care of fellow graduates of Harvard and Yale. Bail them out with taxpayer money.

Who loses? The poor who lost houses that were more than they could afford, and the middle class who pays for the mistakes of the well connected.

So we reward the companies that caused this mess to begin with. It time for a major change in Washington. Lets get rid of the whole bunch and start over. But vote for who??

The best part is “$3.9 billion in neighborhood grants" this money will be used to band aid previous ill conceived housing programs that continue to fail.

I worked in the mortgage industry for 22 years before being laid off 14 months ago due to the fiasco created by the "powers that be" and allowed by our government. Now I have no permanent job and no medical insurance. This bail out doesn't help me or the thousands of mortgage workers who are caught up in the wave of mortgage greed! I guarantee you that the folks that made the big bucks are on a beach somewhere having a beer!!! This situation makes me want to have a drink too! but oops, I can't afford it.

Help! I just recently entered into a purchase agreement to build my first home on 7/7/2008. I'm a young engineer who has been sucessfully paying off college debt for the last 3+ years and have not been able to save up much money. I was relying on an FHA loan and DPA to help me take advantage of the housing market and get into a house THAT I CAN AFFORD! Because I've been paying off debt for the last three years, MY CREDIT RATING IS EXCELLENT!

I have been approved for my loan an am now about to begin construction, but I may be forced to default on my purchase agreement if I can't now pony up the 3.5% on my own. The House version of Section 2113 contained a statement:

"This subparagraph shall apply only to mortgages for which the mortgagee has issued credit approval for the borrower on or after October 1, 2008.'. "

This gave me some relief at the time because I thought as long as my loan approval date was before October 1, I was fine.......then I read the Senate version. They ammended the Bill to remove this qualifying statement, and now I'm screwed!

Even though I was talked into signing the purchase agreement and put down my earnest money with the CONTRACT of no money down, that may not be legal by the time I close on the house in November. I was so excited about this Bill.....until I found out how it was going to hurt me!

Why.....

geo, what the hell are you thinking? what about people like "me" who didn't buy more house than they could afford? why am I footing the bill for these risk takers? I say, let them go to foreclosure and learn a lesson about managing money. you know, I don't really want to work anymore, I'd rather spend time with my kids... any chance you can sign something for me to loaf around? c'mon maybe nance will back that too.

The issue we are faced with is, the Federal Government, who wants to normally regulate everything the American public does, was asleep at the switch over the past 7 1/2 years and let the mortgage lending industry pour billions of dollars into worthless mortgages. I believe the banks and mortgage companies who received all of the benefits of these ill gotten gains should be responsible for their own bail out and not the American people.

Let the shareholders of the banks and mortgage lenders bear the responsibility of bailing their own investment out. Freeze the value of their stock, then reduce the value of the stock, pay no dividends to shareholders, and recall dividends already paid out, with severe penalties for not coughing up the profits on their ill gotten gains.

Why should hard working, law abiding, tax paying Americans have to bail out an industry that created it's own demise through greed and lack of integrity. Some lenders, like Chase and Wells Fargo didn't belly up to the trough to drive themselves into this horrible mess the industry has created. Kuddos to true "banking leaders" for recognizing the difference between a pig and a hog.

Next year 2009, after the current administration is long gone, its serious inability to manage the affairs of this country will live with all of us for the next decade and beyond. And what do we have on the horizon as far as leadership? Not much.

Sign me: Discouraged and Disollusioned