Are the people that lost their homes due to foreclosures would get some aid from the $700B bailout money?

gabasnon asked:

I have not heard a lot of talks about it coming from our politicians since after the election.

December 9th, 2007 |

3 Responses to “Are the people that lost their homes due to foreclosures would get some aid from the $700B bailout money?”

wizjp
December 13th, 2007 at 11:00 am

I believe the relief bill at this point in time concentrates on people still in title and in foreclosure.
Common
December 16th, 2007 at 5:27 pm

No, not likely. The money is going to go toward helping people that are facing foreclosure - not homes that have already been foreclosed upon.
infinite crisis 247
December 17th, 2007 at 9:50 am

nope. 1. if your home has been foreclosed upon, your home is no longer yours, it is the banks. the bailout will do nothing for you. 2. those that are in the process of foreclosure are unlikely to see any positive effects of the bailout in time to save their homes. 3. the bailout of the financial sector is not just for the purposes of “making the rich richer” as some ultraliberals will have you believe. they fail to see that the market and the economy depend mightily on the institutions that are being propped up by this bailout. if you think that things are bad now…just think what would happen if the 10 biggest US companies all failed.