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Discussion: P.L. 110-289, The Foreclosure Prevention Act of 2008 (29 comments ↓ | 38 wiki edits: view article ↓)

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Visitor Comments Comments Feed for This Bill

bob morley

August 5, 2007, 7:53pm (report abuse)

you theives are at it again.

Jesse Hunter

August 6, 2007, 5:39am (report abuse)

I recently started working for a Solar Power company. I feel great about my job. This bill will help create millions of jobs in green energy-Jobs you can't out-source to a foreign country. This bill will help millions of people install solar on their homes-Something they can be proud of for generations to come.

Oil companies are making record profits yet are doing all they can to make sure that the TRUE costs of oil are EXTERNALIZED. The ruined land and water ways around the world; the respiratory illness, cancer, and genetic defects; sending young men and women to risk their lives, limbs, mental health and morality in oil wars. Turning our fellow nations into enemies. Corrupting our leaders and society into thinking this is somehow good.

There is a better way! The technology is Here & Now. States and other nations are already moving on this. Let's fulfill the real meaning of Leadership.

citizen

August 30, 2007, 6:32pm (report abuse)

exploring non-fossilfuel energy is not only better for international relations, health, etc., but it's the only way to avoid complete economic collapse when peak oil hits. however, ethanol is a flawed option. ethanol production takes land away from food production, icreases destructive monoculture farming methods which destroy soils and ecosystems... solar and geothermal technologies sound more promising. the best thing we can do is DECREASE our energy use LOCALLY through improving design and changing lifestyles!

GreatDanes

September 29, 2007, 12:08am (report abuse)

All this Crazy Green ...the only Green thses people are interested in is YOUR MONEY. The Gore's of this world have made MILLIONS on this Planet Warming. Hey if it's so Important ..I'll Listen when WIND MILLS are put in the Ocean behind KENNEDYS CAPE COD HOME!!!

VOTE NO......on all until then!!!

great danes

November 10, 2007, 1:53am (report abuse)

All of this Global Warmning is the Bigest SCAM and they are taking American to the Cleaners...Vote NO on all this stuff.

Brent

February 6, 2008, 8:17am (report abuse)

At a minimum we are going to need a lot of solar panel installers. At the high-end, at Green Collar Technologies.com, we believe we'll need green collar technology workers in many new areas with new skills. Just as "blue collar" workers fueled the Industrial Revolution, we believe that "green collar" workers will be necessary in a environmentally conscious era.

brian

February 9, 2008, 2:57am (report abuse)

great waste of time . want to lower green house gas nuclear power want oil cheap let US comanpies get it and they create jobs want not to have high cost natural gas drill it want to make the goverment more effective limmit there power to spend our money want commen sence get out of washington

Jim C

April 21, 2008, 2:01pm (report abuse)

This bill really has no provisions for Foreclosure prevention left in its contents. Why would foreclosure prevention even be associated with an energy bill?

Steve

April 23, 2008, 5:18pm (report abuse)

When Congress will stop robbing our tax money and subsidize special interest such as 'green energy' interest and 'homebuilders' interest?

Jim C

May 8, 2008, 7:54pm (report abuse)

Once the financial institutes stop robbing homebuyers. This bill however lacks any benificial provisions for homeowners itself, like the downed ammendment S AMT 4388. It is left as a foreclosure cleanup bill with this provision removed.

Ross

May 10, 2008, 3:18am (report abuse)

Once again this is a bill with one name and does something else. This bill does little to help those in forcluse. It's a payoff for the radical interest groups. It's to buy thier vote.

Shepard Humphries

May 27, 2008, 7:44pm (report abuse)

If Green can compete in th efree market - wondeful. if it can't, then it can't and should meet the same fate as the square wheel...

Human Genome

June 11, 2008, 3:00pm (report abuse)

Total bull. Government NEVER saves you money.

Its a well known fact that the government is the most wasteful and polluting entity in the world BY FAR.

Bob

June 19, 2008, 5:18pm (report abuse)

Give the tax credit for those buying from private owners. This helps those that are trying to avoid foreclosure and those that are in good standing but need to sell a home. Let the mortgage companies suffer the consequences not thos of us that had nothing to do with it.

John

June 26, 2008, 8:05pm (report abuse)

HR3221 has had all energy issues removed unless Senate is forced to add Senator Ensign's amendment to it. Ensign is trying to get back in favor with his solar energy special interest since his negative vote of the House energy bill earlier this month.

Acedebase

July 2, 2008, 5:06pm (report abuse)

I have been shut out of the home market for years because my common sense refused to give way to bubble prices and the lure of "cheap" ARM financing. Now that the market is finally correcting, and the prices are in line with what the American consumer can actually afford, I don't see why my tax dollars should go towards bailing out those who too greedy and/or lazy to read the fine print and got themselves in trouble. Let em fail - invisible hand remember.

bretta

July 7, 2008, 3:14pm (report abuse)

Is there a valid reason for congressional bills to ALWAYS be burdened with some other wish?!?Bailing out people who should not have bought homes and bailing the banks that sold the loans is one thing...i don't see the fairness in EVERYONE paying for THEIR greed.And

How do the greenies fit in to the subprime loan fiasco?

Entrench

July 8, 2008, 6:38pm (report abuse)

It is not the job of the US Government to clean up for people's inability to make a well informed decision. As a matter of fact it's the American People's inability to make a well informed decision that the vast majority of these bozos elected to begin with. This is a complete waste of hard earned money from responsible tax payers who were wise enough to read the small print and realize the old addage of "there is no free lunch" is true. It's a hard lesson for people to learn but a valuable one, always read anything before you sign it.

Deb

July 14, 2008, 6:20pm (report abuse)

The new world order - again. Vote no. Why do we, as Americans have to pay for every Tom, Dick and Harry? We are 9 trillion in debt!

Lee

July 21, 2008, 2:20pm (report abuse)

I'm wondering just how long it would take for any/all alternative energies to replace, not only US oil use, but the entire planet? That's what the environmentalists want. Ever heard of socialism? They want govt. to tell you how to live-from cradle to grave.

vANESSA

July 23, 2008, 2:03pm (report abuse)

I agree with the majority of commentators on this issue. What on earth does an energy bill have to do with helping a homeowner who doesn't deserve help anyway -- they should have looked before they leaped -- speaking as a homeowner, I did my homework before buying and while I did not get the home I would have liked to have, I got the one I could afford, particularly if 'bumps' in the road appeared at a future date.

Don

July 23, 2008, 8:49pm (report abuse)

This bill puts a huge debt onto the backs of U.S. taxpayers. If Fannie & Freddie are insolvent, then let them declare bankruptcy. No individual voting for this bill should be returned to Congress.

William

July 25, 2008, 4:33pm (report abuse)

I swear these political persons are getting dumber than the rocks. Seems the longer they are in office the more ridiculous the get.

FED UP

July 25, 2008, 7:28pm (report abuse)

WE THE PEOPLE are the real power here not these bozo's. They act like they own the country or something and we're their bank roll. They have forgotten who they work for. Its time they got reminded.

Martin

July 28, 2008, 5:20am (report abuse)

I'll have to say this is probably the worst bill to come out of this congressional session. Raising the cap on the national debt, bailing out big businesses while smaller ones still fail, helping out irresponsible buyers at the expense of the responsible ones, FINGERPRINTING EVERYONE IN THE MORTGAGE INDUSTRY, REPORTING ALL CREDIT CARD TRANSACTIONS TO THE I.R.S.? Are these politicians trying to ruin our country?

My advice, take note of all the congressmen who voted for this bill and to everything to make sure they aren't reelected. They are compromising our rights, our economy and our future into the toilet!

Jim C

July 31, 2008, 3:59am (report abuse)

I cannot locate within the house and Senate passed version the helpful portion of this legislation.

Hopefully there is some positive homeowner saving points to this passed legislation.

It looks like they gutted this bill from helping homeowners and it is only in title after the pollution and elimination of positive points was implemented.

Rob Hoff

July 31, 2008, 9:13pm (report abuse)

I would like to see provisions regarding reimbursement of the taxpayer in the form of percentage of ownership in the various corporations involved ie so many shares in Fannie Mae, etc. And I would like to see wage garnishment of the various CEO's involved in any bail out, why are these people making so much money with so little oversight?

Steve

July 31, 2008, 10:02pm (report abuse)

Is the concept of tough love lost to America? There are times when it's best to force people to face their own mistakes. If you bought far more house than you could afford, that's your fault, not mine. Don't take my money, I need it to pay my own mortgage. Why should I be help responsible for those who didn't enter into a contract with common sense, or help the lender who gave out money to people it knew it shouldn't?

No, let them all fail. To put up this safety net will only encourage a repeat performance. All parties responsible need to be held accountable for their own decicions.

Why should responsible people have to keep bailing out everyone else?

Jim C

August 4, 2008, 1:51am (report abuse)

I located the section that I was looking for, it is title IV of this legislation.

Hopefully this legislation salvages loans for homeowners that were caught up in this lenders bad loan vehicles and the other measures of this legislation and future legislation prevents lenders from endangering the economies around the globe by issuing failed loans.

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