Friday, October 3, 2008
When Harry Met Fannie
"All I want is the government to help me lower my interest rate. I can’t afford it, I need a normal rate. But when I tried to get one the FHA, FNMA, they all told me no, my house isn’t worth what I owe on it. All the banks said the same thing. I couldn’t refinance without a huge down payment. And I’m stuck. Then I heard the government was going to bail out the people who created this mess with 700 billion dollars, it made me real angry. I can’t get a few hundreds dollars a month of help on my own home for my family, but the richest people in the world who got a bunch of people like me over the barrel are going to get 700 billion dollars of our tax money? Disgusting".