Update: RE Analyst on MessNBC..92% Group forms to protest Obama Housing Plan….

MessiahNBC talks to a housing expert about the Obama Plan:

From RealDealNews:

MSNBC talks to real estate analyst Danielle Babb about who President Barack Obama’s foreclosure prevention plan will and won’t help. Babb discusses the growing outrage among taxpayers who will be paying for the foreclosure plan and explains that the plan won’t provide enough funding for every homeowner who is underwater on his or her mortgage. But, Babb said, declining prices have let to a recent increase in home sales.

From 92percentgroup.org

Today’s economic crisis impacts all Americans, not just those who are behind on their mortgages.  Everyone shares concerns over health care, job loss, and the decimation of their retirement savings.  All Americans have made sacrifices over the past year.  The American taxpayer is already on the hook for mismanaged banks, incompetently run auto companies and extravagent stimulus packages.  We don’t need the additional burden of  paying for our neighbor’s mortgage.  The bottom line – we believe that being current on one’s mortgage should not be grounds for being put at a financial disadvantage.

The 92 Percent Group is committed to the preservation of free-market economics in the United States, specifically in relation to the Obama Administration’s Homeowner Affordability and Stability Plan.  We believe this plan is unjust to the vast majority of American taxpayers; in particular to the 92 percent of homeowners who are current on their mortgages.

News and Opinion on Homeowner Affordability and Stability Plan
AP
http://www.google.com/hostednews/ap/article/ALeqM5jQBYfwlaSB_C25JGcG2OEB5zTxxQD96FKIDG3
NY TImes
http://economix.blogs.nytimes.com/2009/02/18/obamas-housing-plan-who-will-benefit/

Videos – Rick Santelli’s revolution:

http://www.youtube.com/watch?v=bEZB4taSEoA

http://www.cnbc.com/id/15840232?video=1041856849&play=1

Lets listen to Chris Dodd’s ideas, he knows about mortgages:

http://www.courant.com/news/opinion/editorials/hc-rennie0222.artfeb22,0,3796755.column

http://www.foxnews.com/story/0,2933,486644,00.html

February 24, 2009. Tags: , , , , , , , , , , , , , . Economy, FDIC, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, Uncategorized.

One Comment

  1. » Update: RE Analyst on MessNBC..92% Group forms to protest Obama Housing Plan…. replied:

    […] jschulmansr wrote an interesting post today onHere’s a quick excerptMessiahNBC talks to a housing expert about the Obama Plan: From RealDealNews: MSNBC talks to re […]

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