Consumption and Real Estate
Where is the Mortgage bailout? Did the banks forget to bail out the public? Or did the government?
Question : Where is the Mortgage bailout? Did the banks forget to bail out the public? Or did the government?
The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.
Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice, such as a notice of default or trustee’s sale. That’s the highest monthly level since the foreclosure-listing firm began publishing the data more than four years ago.
Banks repossessed more than 87,000 homes in July, up from about 79,000 homes a month earlier.
Nevada had the nation’s highest foreclosure rate for the 31st-straight month, followed by California, Arizona, Florida and Utah. Rounding out the top 10 were Idaho, Georgia, Illinois, Colorado and Oregon. Among cities, Las Vegas had the highest rate, followed by the California cities of Stockton and Modesto.
http://news.yahoo.com/s/ap/20090813/ap_on_bi_ge/us_foreclosure_rates
Where did the stimulus money go if not to the people to save foreclosures?
Pat, I don;t have a mortgage. I never spend more than I can afford and I don;t beleive in debt.
I do want to know where the money went since I have to repay it like every person in the USA that pays taxes.
Have you forgotten the debt is now in the trillions? I haven’t.
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Best answer:
Answer by danrathersatitagain
The bailouts were for the big businesses liberals love to blame. Why more people don’t see this, I’ll never know.
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#3 written by Pat 1 year ago
Do you REALLY want the government to drop $ 2 billion out of helicopters into neighborhoods?
Real life is not like your teevee.
Stuff takes time.Here’s your money:
http://www.hud.gov/news/release.cfm?content=pr09-047.cfmAnd by the way, you shouldn’t have bought a house you couldn’t afford.
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Because even though the party changed, its still the same ol’ people.
They all are sleeping with the enemy. I pray every night america will wake up one day.
Even though i’m not a real conservative, I have to admit they are sounding right to me all of sudden. They said that the bailouts were wasted money and they wouldn’t help regular people. Guess they were right. At least i’m not any poorer, but I never had the issues that alot of people had. And it seems they are still having them even after trillions are spent.