They have written this to be a "stimulus" for those who won't be getting "stimulated" by the actual plan.

If the problem is people not paying, how is letting them to continue not paying for a period of time going to suddenly make them start paying again? If they can't get current now, they won't. Banks are already lowering rates rediculously low for those who were bad investors.

On the other hand, I can understand why a bank would not want to write down an interest rate on a person who is not defaulting, because those people are already putting money in to the bank that the bank is losing on those not paying.

However, this problem seems like it could be fixed by not double-porking those who are current.

Why not reward those who are current with access to deferred loans for things like solar panels and other things that will raise the value of their homes? As it stands, we get nothing....in fact, we don't even get access to that $8k home buyer loan with no repayment extended to all those (not just first timers) buying homes after Jan 1st.

Sadly, I don't feel entitled to free money, because that's rediculous...but if you're handing out my sperm's college fund to pay for Mr. Fuckass with the 3500sqft house and 60k/yr job....give me something back, ya know? :)

And now I'm /ranting.

Is this just an idea that's being floated just to generate discussion, or are there actually people out there who won't be paying their mortgage in April? As a conversation starter I think it's a great idea. As a practice, ruining my credit rating to make a point no one in a position of power will "get" or be affected by in any way seems like a profoundly stupid thing to do.

Your credit score is the most important thing of your financial well being.

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In a perfect world, there'd be no room.

The camps would already be full of politicians and bankers.

rich is a state of mind. just as poor is.

knowledge, hard work, accountability and responsibility determine the former or the latter.

the problem with most american's is even the rich in the wallet are poor in the mind.

diamond studded trash bags, fur covered homes, dinosaur egg omlettes. there is an obsession with "looking rich" over actually being rich.

Banks have different percentage or interest.I think banks serves in a very legal way.

Here's a thought while AIG GM and all the other companies are getting money to not go under how about all the home owners who got a mortgage they can't afford get some help as well?