Name City Date Optional Comments
Tricia R. Payson, AZ August 28, 2008 This is a very bad trend of bailing out companies & people. I depend on myself to get things done and take responsibility for it. Pick yourself up by the bootstraps. This is what makes our country great!
Robyn S. Roslindale, MA August 28, 2008 WHY SHOULD AMERICA BAIL OUT CORPORATE AMERICA? LET THEM AND THOSE WHO DID NOT READ THE FINE PRINT PAY FOR IT NOT THE AMERICAN TAXPAYER WHO PAYS THEIR OWN BILLS AND DIDN'T SIGN ON THE DOTTED LINE.
Christina M.
Michael M.
Alexander M. San Diego, CA August 28, 2008 We sold our home because we knew it had become too expensive and the reset rates would be too high. I guess it doesn't pay to be forward thinking or responsible.
taj a. Las Vegas, NV August 27, 2008 x
Tom D. Harrison, NJ August 27, 2008 Biden is making me sick with his talk of homeowners not being able to pay their bills.That's a problem everyone has,Joe.However,some of us don't have tax laws written for us.Years ago,I said that real estate was going to ruin this country.The coming bank failures will prove me correct.
Terry C. Miami Beach, FL August 27, 2008 x
Justin I. East Lansing, MI August 27, 2008 Read the Constitution please. Stop this waste of taxpayer money. No bailouts - let the free market reign.
jim w. Forest Lake, MN August 27, 2008 when home values were going up people were making huge profits by turning their homes . people also were refinancing their homes and pulling out equity and spending the money on trips ,cars , boats , home improvements and spending money freely . did they share the money with us tax payers no !!!!! now when their home value drops us tax payers and renters are supossed to share the deprieciation in their homes with govt bailouts which comes from us tax payers . is this fair ? absolutley not !!! i am thinking about taking a trip to las vegas and do some gambling . any home owners or maybe the government want to help bail me out if i lose some money ?
Theresa D. Port Saint Lucie, FL August 27, 2008 x
William I. Mahopac, NY August 27, 2008 x
Jacqueline N. Worcester, MA August 27, 2008 Because I'm single and have a disability, my best option was to rent. Although I've only had 3 apartments in 27 years, unfortunately I'm facing displacement for the second time in 5 years, due to the owners refusal to meet housing quality standards(code violations). These mortgages are federally funded for first time home buyers, usually for those who are not American citizens. There are numerous local and government agencies to assist these people when their mortgage is foreclosed or they fail to meet guidelines, but there's no services available for those displaced, including the $3,00 - $4,000 required for moving expenses. Recently I had the opportunity to serve an eviction notice to President Bush, reminding him that his residence "the White House" is also publicly subsidized with tax payer money. Although he doesn't meet poverty levels, or required to pay 1/3rd of his annual income. He also isn't forced to reside in substandard housing which brings down the property values of the whole neighborhood!
Genevieve B. Millis, MA August 27, 2008 x
kathy w. August 27, 2008 as another "angry" renter. who has faithfully paid and stayed because in this stinking economy we Never could get the 20% to get the ridiculously overpriced houses anyway now you all are whining cos you bought into that market. why shouldnt we get tax breaks too. I dont want to finance your "mistakes".
Jim N.
Judy N. Aurora, OH August 27, 2008 With a favorable rating of 9-11% this do nothing congress that has not even passed one budget bill for 2009 but has passed 1900 stupid honorary bills such as making a National Watermelon Month, can not be expected to do anything other than what they have always done: tax the producers to help the non-producers. It is time to get rid of all of them this November, both parties are big spenders, lets try some new folks.
Roger S. Kokomo, IN August 27, 2008 There has always been a battle between Wall St. and the housing industry for investment money. During the housing boom, Wall St. was jealous about not getting much investment money and stocks did not perform as well as housing investments. Wall St. worked to downgrade housing investments so that money would flow back to the stock market. Now that the housing market has deflated, Wall St. finds that it is in trouble from the banking end of business and wants a bail out. This is a banking bailout and not a housing bailout. It is true that if housing is propped up, home owners will not lose as much value from falling home values however this is really about banks not losing value from falling stock prices or complete collapse. The other bad part is that stupid lying borrowers are getting rewarded for ignorance by the government also.
Wayne O. Schenectady, NY August 27, 2008 I bought my home *well* within my budget, allowing for a buffer should a cataspohic financial situation occur. I do not live extravagently, but rather well within my means. I have no interest in providing my back as the crutch for others' voracious appetites and insatiable desires. I say NO!
Elizabet C. Hershey, PA August 27, 2008 x
James G. New York, NY August 26, 2008 Of all people that are being affected by the current market condition, a certain percentage are truly victims. However through my industry experience I believe a much large percentage of those being affected are truly deserving. If a person puts themselves into a tumultuous situation is should not be other's legal obligation to bail them out.
Russ F. Arlington Heights, IL August 26, 2008 The government needs to stop wasting tax payer money to prop-up personal investments. I believe housing - like all transactions - are personal. They should no more subsidize homes (with mortgage deductions) than subsidize any other purchase - food, gas, car, etc. The current situation is just for buying votes and helping croneys. I support government help for people who need it, but not for home ownership. There is nothing intrinsically superior to owning a house compared to renting a house. Renters should not be forced to subsidize home buyers (through taxes) anyomre than car leasers should pay for car buyers. All that the government has done is cause prices to go too high for many people, while depriving all of us of billions of dollars of tax money. Enough!
Joe D. New York, NY August 26, 2008 x
Joe G.
Jamie G. New York, NY August 26, 2008 x
John K. Hazelton, ND August 26, 2008 x
Richard S.
Jan S. Wellington, KS August 26, 2008 x
Jamie R.
Liliana R. Gaylord, MI August 26, 2008 x
Bernita W. Apollo, PA August 26, 2008 What I really don't understand is this, shelter is one of the most BASIC human needs. Why is it that humans have made it nearly impossible for their fellow humans to obtain it? I will never understand why buying a home has been made to be some super complex process?
Monica m. Canyon Country, CA August 26, 2008 x
ann h. Norfolk, VA August 26, 2008 When median-income households can not afford to buy a median priced home-- as has been true in too many parts of this great country for the past 5 years-- then our government has completely failed in its duty to assure a transparent and efficient financial system that provides an equal and fair playing field for all to buy "shelter"-- a basic human need. Instead, Wall St. banksters and speculators were allowed to make huge shortterm profits by gaming the system-- and with little fear of punishment-- at the expense of the law-abiding, taxpaying citizens. The opportunity to buy one's own home- in a fair marketplace- was systematically denied to many Americans. Government's total failure to adequately regulate the business and financial practices of lenders encouraged an this housing bubble, which denied many of us the ability to buy a home with fair market pricing. It has not been a "free and fair" housing market. Uncreditworthy people were unfairly "subsidized" by criminally lax lending that dangerously underpriced longterm risk in favor of short term greed and profit. Economic principle states that "bad money drives out good". The extension of artificially "cheap" credit--"bad money"-- to non-creditworthy people allowed speculators to "flip" the housing market. This in turn drove up home prices, and drove the "good money" (renters who genuinely could afford to pay back a mortgage on a reasonably priced home) out of the market. Now our financial markets and our country's economy are in great danger from the results of allowing "bad money"-- improperly priced risk-- to attain such a pivotal proportion of America's financial & economic stability. So we taxpayers are being told we have to pay twice now-- first in the sense that we weren't allowed to buy our own homes in this rigged and unfair marketplace, and second, in that we "must" bailout Wall Street & the speculators (the very people who harmed us in the first place by creating an unfair housing market) because they are "too big to be let to fail". BALONEY!-- The sooner the housing bubble pops, the better for all of us. Then we can get back to a proper correlation of economic fundamentals and home prices.
Scott M.
Shelly M. Germantown, MD August 26, 2008 x
Stephen R.
Valinda R. Fresno, CA August 26, 2008 x
Steve M. Huntersville, NC August 26, 2008 X
Lynn H. Arlington, TX August 26, 2008 x
David K. Blue Springs, MO August 26, 2008 x
Patty H.
Bruce J.
Benjamin T.
Patrick I. Alexander, AR August 26, 2008 x
Elizabeth W. Saint Helens, OR August 26, 2008 great you tube and web...no one should be bailing out these profiters on mortgages. She is right give a renter a chance to buy a home. Help a family living in and owning their own home now without jobs due to corporate greed and international trade a chance to save their home. restore peoples credit when things like this happen and stop selling to money maker like Donald Trumps people giving conferences across the country to run and buy all the homes people are losing..why not help the families..Ed Mc Manns 5.5 million home and Trump runs to his rescue because it is foreclosing ? Buy a normal priced home and get over it.
Kevin O. August 25, 2008 This "mortgage crisis" money DOESN'T EVEN EXIST - and it wouldn't have existed for ANOTHER 30 YEARS! I seriously don't understand what the whole fuss is about. We're capitalists - if you make a mistake, suck it up and take the hit. If you were GREEDY - then you'll end up taking a bigger hit. Tough luck chump. Plus, responsibility should be a TWO WAY STREET. If you bit off more than you can chew, you should accept your responsibility. Enough is enough of this showboating in the USA. If you can't afford what you "have", cut cost, make more, or move out. Give up the "wealthy" costume and be who you really are. If we all lived within our means, there would BE no problem.
john j.
lee j. Milford, MI August 25, 2008 x
Jason I. Conway, AR August 25, 2008 x
David R. August 25, 2008 x
Ryan K. Round Rock, TX August 25, 2008 I recognize that this petition is put together by a large well funded lobbying group, which I don't entirely approve of, but the message is a valid one. Congress should not be risking taxpayer dollars to bail out irresponsible borrowers and lenders. However, it's hardly surprising, how can you expect the least fiscally responsible organization in the world not to have pity for those who borrow too much?
Domald R. Pittsfield, MA August 25, 2008 Anything over $500.00 a month is hard to reach in Pittsfield, MA 01201. The rent alone is a problem, but add a deposit of First month, Last month, and Present rent charge and you come up to $1,500.00. I have seen some nice places but I can't afford the entrance fee's.
Joel G. Claude, TX August 24, 2008 x
Cole O. Mesa, AZ August 24, 2008 x
Gregory J. Martinez, CA August 24, 2008 x
Matthew B. Reno, NV August 24, 2008 x
Jerry W. Reno, NV August 24, 2008 x
Jonathan B. Alexandria, VA August 24, 2008 x
Richard S. Oakland, NJ August 24, 2008 x
Michael R. Raleigh, NC August 24, 2008 x
Susan K. Tualatin, OR August 24, 2008 Personal responsiblity. Period. Let these people, both the banks and the homeowners, who made poor decisions accept the conquences of it. LET THE SYSTEM CORRECT ITSELF!!!
brent p. August 24, 2008 ridiculous ... we need to let these irresponsible people who borrowed and their banks fail... just like in real life .... why should we/I bail anyone out .... NO NO NO!!!!
jennifer b. Los Angeles, CA August 24, 2008 No bail outs!!!!!! It is completely unfair for those of us who were responsible and did not try to make a quick buck by getting into a loan & a home that we knew we could not afford. As a renter in Los Angeles, I am hopeful that the market will correct itself and that I will be able to get in to a home I can afford one day. It is what I have been working so hard to achieve. Please, do not make me and others pay for the greed and stupidity of others.
jennifer b. Los Angeles, CA August 24, 2008 No bail outs!!!!!! It is completely unfair for those of us who were responsible and did not try to make a quick buck by getting into a loan & a home that we knew we could not afford. As a renter in Los Angeles, I am hopeful that the market will correct itself and that I will be able to get in to a home I can afford one day. It is what I have been working so hard to achieve. Please, do not make me and others pay for the greed and stupidity of others.
Kendall P. Lexington, KY August 23, 2008 x
George D.
Michelina D. Brooklyn, NY August 23, 2008 Love to see the greedy homeowners who make a killing in rent cry that their miserable homes in New York City are going down in value. How about passing a law that you can only force so many people to live in an apartment. At this rate lantlords in New York city will try fitting 20 people in a 100 foot apartment. Lets make sure these landlords declare all that income also
Nancy F.
Jason F. Charlotte, NC August 23, 2008 NO NO NO bail outs for people who stupidly over extended themselves and lived beyond their means or their greedy bankers!!
Frederick Z. San Diego, CA August 23, 2008 x
Joseph B. Concord, CA August 23, 2008 I purchased my car in 2001 for $15k. It's resale value did not double every three years since then, but has actually fallen. Should homeowners now be taxed to buy me a new car? This is essentially what the criminal bailout of stupid borrowers and corrupt lenders si doing. How much bribe money (oh, excuse me, "campaign contributions") have corrupt Congresspeople and Senators illegally taken to sell us out on this issue? Not only should there be no bailout, but any legislator voting for such a ridiculous act needs to be investigated for bribe taking, and impeached if so much as a penny from the mortgage lenders, developers, or real estate industry was given to them.
Ned T. Bay Village, OH August 23, 2008 x
Chuck E. Tampa, FL August 23, 2008 x
Marlene K.
William K.
Duane K. Shelton, WA August 23, 2008 x
Kristine L. Lemoore, CA August 22, 2008 People who are financially responsible should not be made to pay for others' mistakes.
Tigran C. West Hills, CA August 22, 2008 x
Jeffrey G. Fresh Meadows, NY August 22, 2008 x
Rachel W. Fredericksburg, VA August 22, 2008 x
David L. Dallas, TX August 22, 2008 x
Ken M. Fredericksburg, VA August 22, 2008 I am a homeowner. I do NOT think congress should bail out flippers and those who took on risky mortgages. I would like to move closer to work in an affordable home. Thanks flippers for pricing homes out of my reach.
Sheila O. Irvine, CA August 22, 2008 x
Robert P.
Carolyn P. Tipp City, OH August 22, 2008 x
Raymond R.
Michelle R. Winfield, IL August 22, 2008 What part of contract don't these people understand. You signed it, now live with it! The rest of us do.
David R. Oakland, CA August 22, 2008 This is an outrage. Most of these "victims" knew they were going to be hit with a huge increase in their mortgage, but their greedy thoughts were focused on the obscene increase of property values. Thoughts of flipping their house in a few years and making a killing superseded the desire to own a home for decades. I do not want to help pay their mortgages while I can barely afford the astronomical rents in this area with no helping hand from Uncle Sam.
David R. Oakland, CA August 22, 2008 This is an outrage. Most of these "victims" knew they were going to be hit with a huge increase in their mortgage, but their greedy thoughts were focused on the obscene increase of property values. Thoughts of flipping their house in a few years and making a killing superseded the desire to own a home for decades. I do not want to help pay their mortgages while I can barely afford the astronomical rents in this area whit no helping hand from Uncle Sam.
Jennifer S.
Jeffrey S.
Brody S.
Ramona S. Tracy, CA August 22, 2008 x
Michael M. Bridgeport, WV August 22, 2008 if one does the research, it was the government putting pressure on the bank & lending institutions in the first place, (by pressure from the ACLU and others crying "it's unfair to weed out those based on their income/and/or race"). you want a home, plan, plan, plan, budget budget budget, DON'T BUY A HOME YOU CAN'T AFFORD, then expect someone else to bail you out because you're STOOPID, (mispelled for emphasis). We are already taxed to death, SSI, Fed, State, Local, city, county, sale tax at the stores, at the pump, car taxes/property taxes, taxed on interest on income you already paid taxes on, need i go on, way to much money sent to "other" countries to pay for people to live in apartments and not even have to work, (ref. west bank/gaza, article from a few years ago, buried by mainstream media. i digress....
Daniel P.
Heidi P.
Delilah P. Pittsburg, CA August 22, 2008 x
Elizabeth A. Long Beach, CA August 22, 2008 It makes me so angry that I waited (and am still waiting) for housing to return to a price that is actually affordable, and others irresponsibly bought at the top of the market with flim flam loans. Why am I being punished for being responsible? It almost makes me wish I had just jumped in with the rest of them, because Uncle Sam would bail me out. Now loans are all but impossible to get, further punishing those of us who were prudent. If you were dumb enough to not read your loan papers and know that you would eventually be paying double or triple the house payment, too bad. Not my problem and I am not happy about bailing you out while I cannot afford a house myself.
Manijeh C. Portland, OR August 21, 2008 x
Carl P. Santa Barbara, CA August 21, 2008 You want to hear about high rents? I live in Santa Barbara, CA, an area with some of the highest house prices and rents in the US. You would be lucky to find a studio for less than $1000/month. A 2-bdrm apt can run over $1700/month, and we don't even discuss house renting. But, 50 miles away, you can get a nice 2-bdrm for $940. I feel for the home buyers but, they got into this themselves, they should get themselves out. When I started hearing about the interest only loans, I wasn't stupid enough to try for one. I knew what would happen. If they didn't, oh well. Suck it up and deal with it. Don't expect me to bail you out. I can help you find a nice apt, though.
Don A.
Jackie A. August 21, 2008 This whole situation is just another example of a few people not being responsible for their actions and then choosing to complain to the Federal Goverment about their situation. Ever think about how many renters have been prevented from home ownership by current market values. When we bought our house some 42 years ago, we knew the mortgage was our responsibility. Not our parents or the goverments. Now we don't have the largest house on the street but we do own it.
Blake C. Edmonds, WA August 21, 2008 x
mike h.
lila h.
gianina c. Hollywood, FL August 21, 2008 x
Gloria w. Riverside, CA August 21, 2008 x
ed j. Alameda, CA August 21, 2008 Doron S., Your assumption that renters are simply whining because they couldn't afford in the first place is inaccurate. Me and my Wife live in SF,California. Combined, we pull in close to $200,000 a year. Even with that income, the cost of housing in our area rose to levels that even an income such as ours didn't buy much of anything, and in the case we did, would place us in almost immediate financial peril if either one of us lost a job. To say that the system wasn't seriously flawed not just in California, but other states like NY,FL, AZ, and others would be ignoring the blaring truth which was that prices grossly outpaced incomes- even upper level incomes. We are the perfect example of just how wrong things went. It wasn't just the poor and the middle class. It was the entire class spectrum that for a time period was effectively priced out. I'm not whining. I'm simply making obvious statements. Additionally, the one thing Americans need to get away from is believing that the sole purpose of their house is to provide for their retirement or primary nest egg. A house is a liability. You save for retirement via 401k's, roth IRA's. mutual funds, and cash. The reason this country is in such bad condition is because the house has taken more of its fair share out of the pockets of the wage earner, and if all of our money is invested in our houses, then nobody will actually be able to afford those houses since all available funds will be absorbed into real estate. My parents own older home. If their home is worth less down the road, they are still fine because they saved actual money for retirement versus betting it all on the house.
Christopher J.
Korina J. Santa Clara, CA August 21, 2008 x
YinKee Y.
Uyen L. Newark, CA August 21, 2008 I'm not in favor of the bailout. We need to take responsibility of our actions whether it is good or bad.
Dora S. Beverly Hills, CA August 20, 2008 I'm surprised that folks who owe more on their mortgage than the value of their home are still sticking it out in their depreciating liability. They should mail the keys to the bank and walk.
chris c.
battsetseg t. Blue Bell, PA August 20, 2008 i didn't buy a home because i couldn't aford it... Duh!
Doron S. Lake Villa, IL August 20, 2008 First of all let me start by saying that I'm not in favor of the bailout. If someone knowingly took a risky loan they should be held responsible and accountable. If someone believes they were mislead to take such a loan they should seek legal action and take it up with the lender. I understand the implications of not providing any help at all but believe that way we will hit the bottom faster and will see a faster recovery. And of course nobody that is in this mess deserves any help. But please keep in mind that purpose of that useless intervention is not to reward or "bail out" the players involved in this mess but to help the overall market by slowing down the flow of foreclosed homes into the market and add to the already inflated inventory. Maybe some of you angry renters here have parents that own a home and plan to downsize in the next few years? Do you want to see the value of their home deteriorate? But since it’s not going to help anyways, let’s move on to some words of wisdom for our angry renters. There is way too much crying and complaining here!!! The "bailout" has no impact on your ability to purchase a home. So many people here blame the bubble and the bailout (that will only impact about 400k borrowers, not all of them and some qualifications required, this is not an automatic bailout) that followed for not being able to purchase a home. So far there is no proof that the bailout is helping stabilizing prices. in fact we already know it doesn't and will not. Just read the news. For example the latest monthly reports by Case-Shiller.(it’s funny how the word stabilizing can sound so negative). The good news for a renter these days are that prices are going nowhere but down for at least another year. There are over a million teaser rate loans out there that will reset over the next year or so, more foreclosures to come. be patient, save money, work two jobs if you need to and buy a house. Prices in many areas are back to 04 levels. Not that inflated. Take advantage of the correction that 20 years from now will look like just another bump in an endless upwards trend. That correction was needed and will help in the long run, and so will the dramatic changes in lending standards and practices that are taking place these days. Some renters here have mentioned that they have been renting for years, and still blaming current events for not owning a home. Claiming they are being priced out due to actions of government and others. Where were you in 1999? Where were you in 2002? Or even 2004? It seems that now there is an easy way to blame someone other than yourself for not being able to afford a house. I'm not saying that there aren't renters that their ability to buy a house has been impacted by the events of the last few years, but there are many more that wouldn't be living in a single family home regardless of these events. They are not living in a house now maybe because they never had enough income to afford a house, maybe because they did not want to deal with the responsibility of having a mortgage, maybe because they lack the very same foresight they blame the speculators and the mortgage lenders for not having. I read a post here by a person who rented for the last 20 years and never had money to buy a house. How can someone like that possibly blame current events for not owning a home? People are buying homes every day. Someone is closing on his first house and I'm writing these lines. They are probably putting 5% down and have a credit score in the mid 700's. Sorry to say that, but most of those who are priced out of buying a house today (not a year or two ago when the market topped) cannot blame anything or anyone more than they can blame themselves. Now, regarding having our tax money used for the bailout - If our hard earned tax money will not be used for that it will be used for other unworthy purposes. You will not end up having to pay more taxes to support the bailout. It’s only a matter of how much money goes where and will not affect the amount of taxes you pay. Tax money has been used numerous times over the years to help few of us that fall under a certain category. Do we want a cry baby website every time any minority group is receiving federal funds? it happens all the time. As long as there is tax money to be spent and there are people that it is their job to spend it, tax money will be spent. And it won’t always be spent wisely. so go out and, given the circumstances, do the best you can to make sure you're not an angry renter posting on a similar website 10-15 years from now when we are facing a similar bubble/correction. ...[trimmed for length]
Jessica K. Skillman, NJ August 20, 2008 x
stephanie p. Boynton Beach, FL August 20, 2008 Ihave been renting now for seven years!!! and never missed a payment, i could be halfway to owning a home!!
sebastian g.
peggy g. Mountain View, CA August 20, 2008 I totally agree. It is not my responsibility to make sure people who are fiscally irresponsible stay in their homes.
Val G. Fountain, CO August 20, 2008 When will the "powers that be" realize that it is the sides that hold up the top of the mountain not the other way around. They just keep chipping away at middle America, close their eyes and hope for the best......sorry guys NOT GOING TO HAPPEN. Just look at our economy....Oh that's right your eyes are closed.
Cat S.
Kendra .
Joseph .
Nick .
Patrick .
Manuel . Kenmore, WA August 20, 2008 This is outrageous. To use our tax dollars bailing out a bunch of greedy loan sharks who make big bucks and live off poverty-stricken Americans, NOW you want to assist them some more? They already made their billions. Why not help We The People out, not the rich? It is time to get out the torches and pitchforks!
Mike F. Broomfield, CO August 19, 2008 x
Jill W. Berkeley, CA August 19, 2008 I'm a renter who disconnected cable in Feb due to rising gas and food and no raise for two years. Just how do you expect us to pay all these extra billions in taxes for bailouts to fools and robber barrons? In case you haven't noticed from the beltway, but America is busted, broke, no dinero. We have no way to pay for this disaster you created with deregulation.
troy j. Round Rock, TX August 19, 2008 Why do I have to pay for other people's mistakes?! I didn't over borrow on my mortgage.
Leo s. Navarre, MN August 19, 2008 x
Mike H. Chicago, IL August 19, 2008 Typical in this country. Make the little guy pay for the big guy's mistake.
Mary P. Arlington, WA August 19, 2008 The time is now to stop stealing from the taxpayers and stop this out of control spending. NO MORE BAILOUTS to any company or to unresponsible spending. It is past time for congress to stand up and do the job they were hired to do and stop selling us out. Balance the budget, do your job and defend the constitution..or resign now.
Bill C.
Teresa C. Salem, OR August 19, 2008 x
Derek C. Lincoln University, PA August 19, 2008 x