12-22-2010, 06:08 AM
It must be true what you say, Bullwinkle heard it on Glenn Beck and Bill O'reilly!!!!!!!!! DON"T WHAT FOX NEWS!
quote:
Originally posted by Bullwinkle
loan reductions/modifications = welfare for the middle class let us call it what it is- Hawaii or anywhere else.
It really frosts me when they restructure refi's that paid for the escalade and european vacation the "homeowners" could not afford in the first place.
The car companies loved it - do a refi for the car - now the car interest is a write off.
End the mortgage deductions for cash out refi's - or extend the interest deduction to all of our long term purchases would be my play
What makes folks with a home loan a privileged group anyway - lobying by the same banks maybe?
What next - re - structure credit cards?
I believe the average american owes 17 grand to very same banks as short term debt.