Can any of the 2008 presidential candidates make a difference on the real estate crisis?

If so, what are their limitations on enforcing regulations on banks? Also, is it possible to sign a bill that enforces banks to freeze rates? If not, how can it be done? Impossible? The only way I can think of is government funding and assistance.

Can any of the 2008 presidential candidates make a difference on the real estate crisis?payday loan

The truth is that anything they do is only temporary. They can call for an invetigation by the FBI to find out if there were any illegal lending practices going on, and have the justice department bring those that are found to have broken the law to court where the judicial system will take over. They can also provide temporary relief to those affected through tax cuts and more federal government loans and grants, but only if the Congrees agrees with it. In that case, any economic relief that is provided will have to appropriated by either adding to the national debt or taking away from the budget of some other program.

The only thing sure fire that will get this mess over with is for the loan corporations that gave out these high-risk loans to take their losses and for the consumers who accepted these loans to move on and try to build a different life. Any stimulus or relief that any of the 2008 candidates say they can deliver is only contingent on Congress agreeing to it and will eventually affect Americans in some other way. BTW, most Americans are not to blame for the current mortgage crisis, but will be affected by it if the Congress and President go ahead with relief packages in the form of higher taxes, tougher restrictions on mortgage loans, and higher interest rates.

It is tough to say that people should just lose their homes, but sometimes it is better to simply bite the bullet and pick up the pieces afterward. Next time, they can learn from those mistakes and make a better judgement.

Can any of the 2008 presidential candidates make a difference on the real estate crisis?

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It would be much better if the Politicians stayed out of the financial arena, and let the Market and the People correct their own actions.|||I hope not, the last thing we need is another government bailout that will allow people to keep avoiding learning from their mistakes.|||Absolutely not.|||Not a one of them. But is it even a crisis, Builders knew they were building too many too fast. The Banks knew they were granting some shaky loans. And if the people couldn%26#039;t figure out that they couldn%26#039;t work at the corner diner and afford a $300,000 home then they deserve what they got.|||No.|||Hecc, they are a big part of it IMHO. Nobody has even mentioned that rapidly increasing property taxes are part of the problem. I don%26#039;t have an A.R.M. and my monthly payment has gone from $998 to $1354 in the last 7 years, solely because taxes. Add that to the bad mortgagors out there and you have disaster. Anything the Government gets involved in turns sour QUICKLY!!