What are you guys thinking on this one?

McCain just said he wants to have the treasury buy up all mortgages and renegotiate the balances down to current values...

Kyle Hufford:

What are you guys thinking on this one?

 

McCain just said he wants to have the treasury buy up all mortgages and renegotiate the balances down to current values...

I would have expected that from Obama not McCain.  I wonder how that would be administered and the cost.

I do not think people or companies should be rewarded for poor investment decisions.

If anything, banks should be forced into loan mods and such...not a gov buyout so we make all the banks whole. But it is a big issue,...its going to create more and more economic issues if nothing is done.

Kyle Hufford:

If anything, banks should be forced into loan mods and such...not a gov buyout so we make all the banks whole. But it is a big issue,...its going to create more and more economic issues if nothing is done.

I agree.  There should be a mechanism to do just that.  Have a set of guidelines that need to be met and force modifications.  I am not opposed to a limited equity share, but nothing along the lines of what has been set under the HOPE program.

Worthless debate.

a17:

Worthless debate.

Agreed.

I did not even waste any time watching the debate

Man, you guys must be fun at parties!

I did love one of Obamas quotes....its was funny:

"I think that the straight talk express lost a wheel back there"

Now if they both could just get Reagan's delivery on the jokes, it would be much more entertaining.

Boring rhetoric.  At least Palin is e-z on the eyes.