tag:blogger.com,1999:blog-9026484337051027793.post5860367629677318524..comments2008-09-29T18:14:37.349-04:00Andyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger6125tag:blogger.com,1999:blog-9026484337051027793.post-1566185804791249692008-09-29T18:14:00.000-04:002008-09-29T18:14:00.000-04:00ummm ... didn't really like the comment at the end. I have good credit it too, but I wouldn't say it urks me that the government is considering helping out the lower class with their credit cards. A lot of people I went to college with are in debt because of tuition, books and all kinds of fees- with this kind of economic crisis a lot of people are struggleing I think some sort of freeze would actually be a good idea.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-72669142800542329372008-09-21T05:00:00.000-04:002008-09-21T05:00:00.000-04:00Look this is a tough one. Sure it can be interpreted as a political stunt on the one hand yet on the other hand it will help a lot of people.<BR/><BR/>Now whether these prople should be helped at the expense of the taxpayer is up for debate. Then again the bailout of the banks is coming straight from the taxpayer so the taxpayer is getting hit from both sides. <BR/><BR/>One part of me agrees with the freeze and thinks its a good idea another part thinks that the chances are that most of these people in financial trouble will have a lot of credit card and other debt. So the impact of the freeze will be limited.<BR/><BR/>Not an easy one to call.Until Debt do US Parthttp://www.untildebtdouspart.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-66101169060170341932008-09-15T11:13:00.000-04:002008-09-15T11:13:00.000-04:00It is a desperate attempt to delay the imminent financial market crash, which will likely push America into a deep recession. The government has failed and the fingers point to Allan Greenspan and the Federal Reserve. <BR/><BR/>They need to get out of the business of planning the economy and let markets determine interest rates.Curthttp://www.pennyjobs.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-68439870624545327562008-09-15T06:58:00.000-04:002008-09-15T06:58:00.000-04:00It is frustrating on all levels. Bailout is one thing but to freeze the inevitable? You have hit it dead on, “you see, we are doing something”. Now, after the three months, I am fully expecting some sort of tax effect. <BR/>I mean, people walking away from a loan end up with form 1099C. A form saying you made money, when in reality this is what was not recovered by the mortgage company, thus if you received it the mortgage company gave it to you. (anyone see the write off the lender just received?) <BR/>Forgiving their debt for three months is going to be no different I foresee. Thus those who are “lucky enough” to get the three months may see that they have income that was unrealized. People need to be more afraid of this than thankful.Brucehttp://lrtaxprep.com/blognoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-21879648937755038752008-09-14T13:11:00.000-04:002008-09-14T13:11:00.000-04:00It irks me as well. Watching all of this unfold is almost like watching The Simpsons... Homer always finds a way to make it better in the end.Matt @ Steadfast Financeshttp://steadfastfinances.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-54266690181029885732008-09-14T13:08:00.000-04:002008-09-14T13:08:00.000-04:00The same is happening in the UK - it makes you a bit sick really - http://www.uncommonadvice.co.uk/node/20Uncommonadvicehttp://www.uncommonadvice.co.uknoreply@blogger.com