2008-10-31 / Letters

Replying To Clinton's Comment

Dear Editor,

In response to Senator Clinton's October 10, comments on the financial crisis. It was a wonderful informative, thought out comment. But I disagree with the bold print "Let's Keep People in Their Homes." Most of these loans, mortgages, should be seriously re-evaluated to see if these recipients should have received loans to begin with. I mean I don't know the ins and outs of it all but if they re-finance, are they assured lower percentage rates and longer time so they can pay and finally own the home? And I'll say this nicely, the establishments that first gave these high risk loans, are they smart enough now to just turn people honestly away who really cannot pay a mortgage and live decently? Do these people still have jobs with enough income to re-finance? None of these issues are mentioned in Senator Clinton's comments and as a past real estate dealer herself, it should have been more real, thorough and stayed on the subject… the middle class. But instead it always gets to Senator Clinton, blowing her own horn, for herself. What we want to know is who is helping these people? Where do they go? What banks or loan companies will help them or give them hope?

Also who will be honest and tell some to sellout and cut your losses? The whole end of the article (page 71) lost the personal touch to the middle class and became a speech. It doesn't say what is being done now, by whom, for whom.

COLLEEN DOCHERTY

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