Rigs,

I understand yer frustrations and the only thing I can say to ya' is, "Yeah, some folks will benefit who shouldn't" but the laternative of throwing the baby out with the bathwater just to punish that small percentage of folks to the detrement of the economy, the housing market and the majority of folks who are just trying to play by the rules isn't going to serve anyone in the long run... I learned at a very young age (polio at age 6) that life isn't always fair... That applies to what many of us are recommending here...

And I'm not saying that the program will work in every case... There were very irresponsible buyers who thought they could flip properties and used the screwed up mortgage industry to do so... Some of these folks didn't have the income to be in those homes from the jump and those folks might not be in a position to hang on to those "to-be-flipped" homes even at fixed rates and lomf terms... I don't believe that their is any lifeline for those folks... Sorry, Charlie the Carpenter, if you fall into that group...

But here is another observation that warrents some discussion and comment and that is the behavior of some Republican Senators toward the CEO's of the Big Three yesterday... It was appauling and rude... If these Republican Senators think that this is one big joke then they should just say that... Wall Street came in in corporate jets, got $350B right off the bat with an agreement that their CEO's wouldn't take more than a cool million in salary a year... The Dems didn't use that as an opportunity to disrespect thr Wall Street CEO's... But yesterday's display of partisan sarcasim toward men who had agreed to basicly work for free was uncivilized...

If any Senator thinks that this is a time for joking around then that Senator, IMO, doesn't deserve to be in office... I mean, really folks, yesterday display was vulgar and down-right mean spirited... But worse than that, these Repubs, in essence, were trying to shift the blame of lousy governemnt by their party, to folks who didn't creat this mess... That is unacceptable...

My dad was a company man for Ford Motor Company and I'm glad he isn't alive today to have heard these Repub Senators 'er he woulda been callin' my Cousin Buddy in New Jersey to come down and have a little talk with the Senators about manners...

B~