Corporate Bailout? Bank Bailout? Automobile Bailout? 
and now, Foreclosure BAILOUT?
The government just announced that more tax dollars will be used to bailout even more homeowners who are either unemployed and/or underwater. In other words, the homeowner owes more than the house is worth.
This is in addition to the last $75 billion mortgage, which helped less than 200,000 homeowners.
We’ve lost over $5 trillion in home equity.
Supporters say we are “preventing the preventable foreclosures”.
I admit there may be very few who are genuinely helped by this program, however, most are simply gaming the system. In fact NPR broadcasted a news story where callers readily admitted to making a “better financial decision” by stopping mortgage payments. These are not people who are laid off or financially strained…, these are people financially sound, but purposefully making a financial decision.
On the other hand…, well, what are your thoughts? Email me at JarheadComms@Gmail.com and I’ll post your thoughts.
A communications expert with a passion for building strategic communication plans through the use of identifying focused key messages for specifically-targeted audiences through the leveraging of both social and traditional media.
His passion is building awareness and inspiring communities and businesses to do the right thing by fostering community goodwill, fueling employee engagement, and driving efficiencies.
