Could government intervention during the Katrina crisis have prevented the present day mortgage crisis? related questions

Answers
Asked by
Updated
Could government intervention during the Katrina crisis have prevented the present day mortgage crisis?0filsan2012-09-01 01:15:04
1. Make insurance companies pay off customer losses resulting from the storm. 2. Help individual persons that lost mortgaged property resulting from the hurricane. 3. By just helping the people to rebuild in N.O. instead of relocating them.
Do you believe that this man's idea would solve the present financial crisis?0aaa2012-09-24 09:45:09
and give congress time to do surgery on the whole system? This idea sounds just crazy enough to possibly work, so naturally it won't be given serious consideration. How great is our bureaucracy!! Hi, I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.. So divide 200 million adults 18+ into $85 billion that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend. Of course, it would NOT be tax free. So let's assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage - housing crisis solved. Repay college loans - what a great boost to new grads Put away money for college - it'll be there Save in a bank - create money to loan to entrepreneurs. Buy a new car - create jobs Invest in the market - capital drives growth Pay for your parent's medical insurance - health care improves Enable Deadbeat Dads to come clean - or else Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President. If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+! As for AIG - liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Here's my rationale. We deserve it and AIG doesn't. Sure it's a crazy idea that can "never work." But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. Kindest personal regards, Birk T. J . Birkenmeier, A Creative Guy & Citizen of the Republic
Does PMI help buffer the mortgage crisis?0Nokthula2012-10-26 09:45:03
If you're mortgage is for over 80% of the total purchase price, you are required to pay PMI (Property Mortgage Insurance). This is insurance for the banks in case you default on the loan. So is this money helping banks/lenders survive the mortgage crisis? I never hear politicians like Obama mention PMI. I heard a caller on a tak radio show ask this today and I was curious. Please be nice. I just didn't know. I also went to a government school which is probably the reason.
Due to the mortgage crisis is there an extended waiting period before I accidentally leave my oven on?1N-UNCOUNT 2012-09-22 07:55:02
In a policy owner of the home?
Do we have a health care crisis or a immigration crisis causing problems for health care?2Franklin2012-10-23 02:15:03
Mark Krikorian, executive director for the Center for Immigration Studies, said the hospital was right. "We don't have an uninsured crisis. We have an immigration crisis," said Mr. Krikorian, noting that one-third of the 47 million uninsured in the U.S. are immigrants. "The long-term goal has to be reducing immigration of people who are going to end up in a hospital unable to pay. We need less legal immigration and better enforcement against illegal immigration." However, a 2005 study published in the American Journal of Public Health found that while immigrants comprised 10 percent of the U.S. population, they accounted for only 8 percent of U.S. health-care costs. According to the study, the primary reason immigrants use the health-care system less is lack of insurance. Susana Barciela, policy director for the Florida Immigrant Advocacy Center, said the current system forces hospitals to absorb the costs of treating illegal immigrants and make decisions outside their purview. "What we need is an immigration system that works for this country, not against it," she said. "You've got to have immigration reform to legalize the people who are here, so you don't have this problem." http://www.palmbeachpost.com/opinion/con
Grandma in Crisis. What should we do?0Tityana2012-08-17 07:37:02
My husband and I rent an apartment. I am the next month of our second child and have a 3 years. That's our life situation. My grandmother lives alone and collects unemployment. He has worked all his life and was laid off about 7 months. Now she is doing with the retirement of my grandfather (deceased) and their social security, more unemployment. She has a house payment and pay $ 1400 home insurance , burial plots , life insurance , food, car payment , car insurance , utilities, etc. She keeps $ 100 after everthing is pay each month. She has not had enough money to pay their property taxes . She mentioned once that we could go live with her and would pay a monthly rent . That was a while ago, but now I see she is struggling ! ? We are also struggling and if I had the tax money that would give her. Is it a good reason for my family to live with her to help or not going to work?
Does anyone agree with me on this Economy Crisis?0Stephanie Walker2012-10-02 23:59:21
I'm against the $ 85,000,000,000.00 bailout of AIG . MedlinePlus MedlinePlus Instead,
Motability car scheme crisis?0Stacey2012-03-05 04:10:28
I am a mother of 6 children .. I have a daughter who is haemoplegic double 16. I was up last week in receipt of a car 29/05/08 motabilitly . of which I have been receiving for many years ... . must go for repairs because of an accident a week earlier.Well name of the car driver got in my house waiting for the car to be collected by insurers on the fone half time in school to get child from school for someone poked in the eye of more and you must seek medical help as soon as possible. partner and I at home for 3 years and 10 year old son out with ear pain .. right boyfriend went to pick up her .. only the way back .. was arrested by the police only to discover that he had no insurance on the car .. not understand why, since he was the driver named for a car of the previous three years ago and although the driver whose name now , because of the work is still be in politics. the police took him and his daughter home. without charges being very understanding but the car seized and canceled contract it worth aid appeal
how to survive in the economic crisis3Franci2012-03-12 01:19:43
As a business, how to survive in crisis? [ EM11 ]
Florida insurance crisis?3Odelette2012-09-10 00:24:02
What if nobody is willing to offer flood insurance in Florida more?
Why does it appear that NO-ONE cares about our country being in a crisis?0Amsden2012-07-23 03:48:04
Rising gas prices, Illegal immigration costing taxpayers a fortune in lost jobs and medical care, insurance companies that either refuse you or just dont pay out, Dr.'s prescribing medicines that turns our kids into zombies, a government that sends our poorest into a war that makes NO sense at all and then refuses to help them when they are sent home wounded. Im really curious to know how people can just go on with their lives without a care in the world, more concerned about Brittany Spears shaving her head or other stupid celebrity issues.
How long can health insurance crisis last?1Martha2012-10-21 17:37:02
Now that is a dead issue , with health insurance rates increasing by 20 % annually for senior exec salaries billionaires , how much more can the American middle class to take before you wake up and storm the Bastille ?

Ask New Question  

  • You are not logged in,answer will be Anonymous.Set Nickname | Sign In | Sign Up
  • tags separate by ','
  • Shortcuts:Ctrl+Enter

Latest Questions