Half of Americans Oppose Bailout for Troubled Homeowners

If we can bail out Chrysler, why can’t we support the American homeowner? The time has come to acknowledge. And for those who would still have them eat some Wall Street cake as opposed to Midwest.

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Underscoring just how divisive the nation’s mortgage crisis has become, a new study released Tuesday morning finds that 51 percent of Americans oppose using Federal bailout funds to help pay the.

Deeply underwater homeowners have reason to keep paying, while the modification is not particularly attractive to borrowers that don’t need it. The Center for American Progress in. which own or.

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 · As of November of last year, a mere $4 billion total has been spent for loan modifications and other homeowner aid. In short, the bailout program designed to help those lazy, job-averse, “water.

Half of Americans Oppose Bailout for Troubled Homeowners Contents Real estate market Mortgage servicer ratings. "fitch Town 5k. vanguard charitable endowment asset relief program. Credit card companies foreclosure bailout plan. president obama A guide to the financial crisis – 10 years later – Americans. through the Troubled Asset Read.

In a survey conducted September 19-22 by Bloomberg/Los Angeles Times, by a margin of 55 percent to 31 percent, Americans opposed the bailout when asked whether "the government should use taxpayers’ dollars to rescue ailing private financial firms whose collapse could have adverse effects on the economy and market, or is it not the government’s responsibility to bail out private companies with taxpayers’ dollars?".

1 67% of Americans Oppose GM’s Bailout Plan Only 21% of voters nationwide support a plan for the government to bail out General Motors as part of a structured bankruptcy plan to keep the troubled auto giant in business.

Only a third of Americans (34%) correctly say the Troubled Asset Relief Program (TARP) was enacted by the Bush administration. Nearly half (47%) incorrectly believe TARP was passed under President Obama. Another 19% admit they do not know which president signed the bank bailout into law. Notably, there is no partisan divide on the question.

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Wallensak’s worries, shared by other housing counselors, add up to a gloomy bottom line: While the $700 billion taxpayer bailout of Wall Street’s troubled financial institutions is trickling down.