Consumer perception – mortgage freeze
Here’s my Thursday WTF…
You all know I love the baglady.com, although I know for sure shes no bag lady. Check out her take on the so-called mortgage freeze…
The Indentured
(this is most telling…)
The Angry
I would count myself amongst “The Angry” because I think the plan is unfair to most consumers and Americans in general. I don’t own a home, but I know many people who took out reasonable fixed rate loans at higher rates than these subprime borrowers, only to see irresponsible behavior rewarded.
I’m sorry I missed this one (I hope she’ll forgive me)- I am miles behind on my feeder! You guys, if you’re not reading this witty and intelligent blogger (who is not an agent) you’re really missing out.
Start spreading the news...
This article published on Thursday, December 13th, 2007 at 6:48 pm | Contact the editor
Topics: Economy, Real Estate, Thursday WTF
About this Columnist (Full Profile)
AGBeat Founder, Director: I’ve dedicated the past two decades to consumerism in and out of the real estate space. I help focus corporations on consumerism, consumer needs and trends, and what consumers find valuable. I hope you enjoy AG, and that you will reach out if I can help your company or association communicate it’s value.
Email Benn Rosales
The Daily Hot Sheet
The AGBeat Daily is jam packed with today's news headlines, fresh and neat in your inbox- start the day ahead of the curve.
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
I’m not sure there is a whole lot to be angry about. Helping out a few average folks to keep their home may send the wrong message. However, this society sends plenty or wrong signals. A $150 million payout to a CEO who lost $2billion a quarter for a bank on bad home loan transactions probably sends a worse signal than helping out a few strapped Americans who made some poor choices.