::::::::
Another MISS in the game of Battleship
The link below details the latest efforts by the FED-UP, to save our beleaguered homeowners. I feel like I am ten again, playing Battleship with my friend and neighbor. As you may recall, "Miss"- was the nastiest of words.
http://biz.yahoo.com/ap/081111/meltdown_mortgages.html
The new plan hits banks and speculators broadside. A "Direct Hit"-. But myself, and I suspect many of you, shivering in your homes in November, are commanding the stealthiest ship in the navy. We are clearly off the radar. The unseen, USS Tak'in Water. Torpedo after torpedo whizzes by, never casting a glance to those who have lived in their homes for twenty plus years, and have significant "equity"-, albeit getting less everyday. Sell below what you have in your house, or Foreclose and get nothing. Then look for a new place to live and find out the rent is higher than your mortgage was.
When it comes to the People Programs they trumpet in, they are still corporate "giveaways"- in Sheeps clothing. Only those mortgages that can not be saved, are saved. Only when the debt is greater than the value of the home, and the bank benefits from luring some sucker into a new plan to bleed him dry, will help be offered. Only those homes which would fall into "Investments"- by people with too much money get relief. Gotta love this country, they don't know when to give up.
