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Economic News

Consumer perception – mortgage freeze

Here’s my Thursday WTF… 

You all know I love the baglady.com, although I know for sure shes no bag lady.  Check out her take on the so-called mortgage freeze…
The Indentured

I don’t consider the homeowners who keep their homes in this plan to be winners. Sure, they get to keep their home, but many of them are so financially stretched

(this is most telling…)

The Angry

I would count myself amongst “The Angry” because I think the plan is unfair to most consumers and Americans in general. I don’t own a home, but I know many people who took out reasonable fixed rate loans at higher rates than these subprime borrowers, only to see irresponsible behavior rewarded.

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I’m sorry I missed this one (I hope she’ll forgive me)– I am miles behind on my feeder!  You guys, if you’re not reading this witty and intelligent blogger (who is not an agent) you’re really missing out.

Benn Rosales is the Founder and CEO of The American Genius (AG), national news network. Before AG, he founded one of the first digital media strategy firms in the nation has received the Statesman Texas Social Media Award and is an Inman Innovator Award winner. He has consulted for numerous startups (both early- and late-stage), and is well known for organizing the digital community through popular offline events. He does not venture into the spotlight often, rather he believes his biggest accomplishments are the talent he recruits and develops, so he gives all credit to those he's empowered.

1 Comment

1 Comment

  1. Shailes Ghimire

    December 14, 2007 at 10:15 am

    I’m not sure there is a whole lot to be angry about. Helping out a few average folks to keep their home may send the wrong message. However, this society sends plenty or wrong signals. A $150 million payout to a CEO who lost $2billion a quarter for a bank on bad home loan transactions probably sends a worse signal than helping out a few strapped Americans who made some poor choices.

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