What Green Shoots?

Its about time Congress passed a real stimulus plan.... How about they pass a new law giving every American one millioon Dollars ? We will all be millionairs then, we can take it from those Evil Corporations and Rich people...

Bama only gives to his friends and steals from tax payers.

How about this.... let's stop allowing medical debt on your credit report. I am in banking and the main cause of low scores that I see is medical debt. Many people pay their "voluntary" debt as agreed every month but have 500 credit because of medical collections. There are millions of people who always make their car payment. They always pay their mortgage and credit cards. These people happened to have the terrible misfortune of being uninsured or underinsured, so when they have a medical catastrophe, it also becomes a financial catastrophe. Not only are they struggling to figure out how to pay this enormous debt, they are sent to collections. These otherwise financially responsible people now have their ability to get a new car, or home, or decent car insurance, or a cell phone... or any other number of services which require good credit RUINED! ... and all because they or their dependant had the nerve to have a medical issue that cost more than they could afford.

We as the tax payers will never see one dime of that money because we don't have the money to hand over to our poor under paid congress to buy our way out of trouble. She made some points that were in fact true. When it comes to credit cards, a person is dammed if you do and dammed if you don't. ALL CREDIT REPORTING SHOULD BE ILLIGIAL. ALL the cridit reporting agency should be hauled before a court of law and made to make really big changes in how they are allowed to do business.

And just think, if the government had bailed out from the bottom up, all those subprime mortgages would have been A+. Banks would have had instantaneous, irrefutable proof that MBS would be backed and insured by the full credit of the US government. Credit card debt, auto debt, and student loan debt likewise. The banks' balance sheets would have exploded upward in quality overnight. There would have been ZERO chance to claim a liquidity crisis since virtually everything would have been guaranteed liquid by the consumer equal of TARP and all those other stupid acronyms. Blame the Republican president at that time if you want, but don't leave out the Democratically-controlled legislature (since its landslide 2006 victory and all its promises of better government). They are all crooks that have stolen our children's future and left us with an incomprehensible national debt that will be virtually impossible to pay off and virtually guaranteed to cause terrible levels of inflation. why on earth anyone would think Dimon or Lewis is competent to navigate this mess is beyond me. Why Franklin Raines is not in prison for his criminally negligent mismanagement of Fannie Mae is beyond me.

Hey, at least it's a rainbow coalition that got us here. So maybe we are making progress on the equality front. Enjoy.

And just think, if the government had bailed out from the bottom up, all those subprime mortgages would have been A+. Banks would have had instantaneous, irrefutable proof that MBS would be backed and insured by the full credit of the US government. Credit card debt, auto debt, and student loan debt likewise. The banks' balance sheets would have exploded upward in quality overnight. There would have been ZERO chance to claim a liquidity crisis since virtually everything would have been guaranteed liquid by the consumer equal of TARP and all those other stupid acronyms. Blame the Republican president at that time if you want, but don't leave out the Democratically-controlled legislature (since its landslide 2006 victory and all its promises of better government). They are all crooks that have stolen our children's future and left us with an incomprehensible national debt that will be virtually impossible to pay off and virtually guaranteed to cause terrible levels of inflation. why on earth anyone would think Dimon or Lewis is competent to navigate this mess is beyond me. Why Franklin Raines is not in prison for his criminally negligent mismanagement of Fannie Mae is beyond me.

Hey, at least it's a rainbow coalition that got us here. So maybe we are making progress on the equality front. Enjoy.

The Government bailing out agencies is outrageous. They could have given the money to the citizens of the United States. Then the citizens would have been able to pay off their mortgages, bought a car and got out of debt and everybody would be happy. This Administration has spent more money and has put the Government "us" in more debt than all of the past Administrations put together.

fed up with it all: auditing government agencies or any thing else that doesn't require special skills,you are a voter i presume? no wonder we are up the creek

They should have given the TARP money to us citizens. Democrats claim that Regan's trickle down economics don't work, yet they give money to corporations. A few thousand dollars in the hands of each head of household in the country would have paid mortgages and other consumer debt, stimulated purchasing, thereby creating work and jobs. All they did was take money from the poor working sap and give it to the rich inept fools who created the mess. All we can do is hope that Hell has a special place for these thieves and destroyers of lives.

What the Author doesn't say is most all of what she describes is the direct result of the "Bankruptcy Abuse Prevention and Consumer Protection Act". It was introduced by Senator Grassley (R) and President Clinton Vetoed the bill and was rewritten by Senator Joe Biden and is considered a Bush/Biden, Bill and passed in 2005.

Also Biden received from Finical / Credit Card contributions lobbyists for the election years 2000, 2002 and 2004 a total of 173,625.00 (Lobby money / Bribes sounds the same to me!) Before I forget that Delaware, Biden's home State is home of many Credit Card Companies and his Son worked as a Consultant for MBNA a large CC Company at the time.

In President Obama's defense he did vote against the BAPCPA Bill and when he says we "Have a right not to get ripped off by sudden rate hikes, unfair penalties and hidden fees"
Even that dim wit Keith Olberman had the sense not to bring the subject up the other day, guess that makes him a 1/32 wit, haha.

OMG! If "V in NYC" can PAY CASH for a Manhattan apartment then what does she do to overextend herself...take out a line of credit and buy the whole damn island? These ignorant elitist "I got mine MuthaFu@#%!" creeps should really just finish their comments with "Let them eat cake!" Maybe she can help the economy by hiring some worker that was laid-off because her husband or her outsourced his job. He can wash her feet in Evian three times a day and sell the used bathing water to save some cash for a sniper rifle!

RIGHT ON!!!!!!!!!!!!!!!!!
NOW IF WE CAN JUST GET SOME RELIEF FROM THE THEIVES AT THE INSURANCE COMPANIES

Why is that liberals hate companies that charge a fee for service that we as consumers can either choose to use or not, but love the government taking our money by force to spend as they please. I can choose to use another companies ATM and pay the $2 if it's worth it to me, if not I won't do it. Unfortunetely I don't have the same choice with the $40,000 the government takes from me and my family with the force of jail time if I don't comply. Also these are green shoots which means the economy is starting to bottom., it does not mean the economy is booming and we have full employment.

I email my congressional leaders at least monthly (www.congress.org) asking that MY FICO score be as readily available to me as anything, and that the formula for calculations be made public. This is the nail on the head of the consumer - we don't know what we should do at any given moment to maintain a good credit score and no one is telling us the rules. For all I know they have a Juiji Board and a set of DnD dice to determine what it should be.

Give me, Mr. Consumer the TARP funds to pay off my debt to the banks. The banks still get the money, I get a better interest rate to pay back the government, my fico score improves (maybe), and with the money I save I finance a new car from GM - everyone wins with my economic stimulus plan.

I email my congressional leaders at least monthly (www.congress.org) asking that MY FICO score be as readily available to me as anything, and that the formula for calculations be made public. This is the nail on the head of the consumer - we don't know what we should do at any given moment to maintain a good credit score and no one is telling us the rules. For all I know they have a Juiji Board and a set of DnD dice to determine what it should be.

Give me, Mr. Consumer the TARP funds to pay off my debt to the banks. The banks still get the money, I get a better interest rate to pay back the government, my fico score improves (maybe), and with the money I save I finance a new car from GM - everyone wins with my economic stimulus plan.

OMG! If "V in NYC" can PAY CASH for a Manhattan apartment then what does she do to overextend herself...take out a line of credit and buy the whole damn island? These ignorant elitist "I got mine MuthaFu@#%!" creeps should really just finish their comments with "Let them eat cake!" Maybe she can help the economy by hiring some poor *** that was laid-off because her husband or her outsourced his job. He can wash her feet in Evian three times a day and sell the used bathing water to save some cash for a sniper rifle!