Hope For Homeowners

1 out of 752 applications when it was slated to help 400,000! Yes, the most sweeping housing rescue plan in world history signed into law by President Bush which was supposed to help 400,000 homeowners from being foreclosed on only helped 1 family (they should write a book - seriously (lol)). That is the latest statistic of how many this worthless program has helped. What a joke! So how great of a job did you do to help solve the housing crisis Mr. Frank? I would like to hear Barney stutter his way through the answer to that question. A spokesman for the FHA stated, "...the program isn't working terribly well." Call it like it is -- it failed miserably and those who took credit for that legislation should voluntary tender their resignations for being miserable failures at their jobs.

It was crafted by a bunch of people who were more interested in getting elected than getting the job done.

It was signed into law by someone who could not care less about what happens with housing in this country.

It became a theme for a political 'change' in America which has thus far done nothing to help housing.

It has helped mislead homeowners into believing that the Government is actually doing something to help.

The Congressional Budget Office now estimates that the program will help up to 25,000 homeowners over the next 10 years. Where in gods name do they come up with these statistics? Let's see --- 1 homeowner in 6 months is 2 per year. 2 x 10 years = 20 homeowners. Ok Harvard graduates and young einstein's, where did you get 25,000 from?

Senator Chris Dodd, one of the chief architects of this failed program, still wants to keep HOPE in any future bills since it could still 'possibly help someone'. If any of these politicians worked for a private company, they would be fired. Oh, wait a minute, I forgot -- they would receive million dollar bonuses for running the company straight into the dirt.