Yes, Fritz, but what they did do was encourage people to live beyond their means. That's the result of people not knowing the difference between what they need and what they want.
From: fholt@townandcountryins.comTo: csnichol...@sbcglobal.net; ot@texascavers.comCC: russ.k.johnson@westonsolutions.comDate: Wed, 8 Oct 2008 15:19:58 -0500Subject: RE: [ot_caving] FW: Homeowners in crisis need relief now The congress and lenders are not all to blame but did encourage and entice people to buy homes that couldn’t afford them. The normal increases in taxes and insurance premiums which annually increase escrow payments would have made it impossible for many to meet their obligation even without the mortgage crisis. I can’t imagine why these same people vote democratic J Fritz From: Scott Nicholson [mailto:csnichol...@sbcglobal.net] Sent: Wednesday, October 08, 2008 2:51 PMTo: Fritz Holt; Off TopicCc: Russ K JohnsonSubject: Re: [ot_caving] FW: Homeowners in crisis need relief now tongue-in-cheek......... I guess I'm S.O.L. since I've been making my house payments all these years. Too bad I lived within my means and tried to be responsible about how much house I purchased... I wonder if it's too late for me to miss a few payments so I can be in a position to get some $$ from Uncle Sam if this plan gets instituted???? Vote Libertarian.....! Scott ----- Original Message ----From: Fritz Holt <fh...@townandcountryins.com>To: Off Topic <o...@texascavers.com>Sent: Wednesday, October 8, 2008 2:41:52 PMSubject: [ot_caving] FW: Homeowners in crisis need relief now From: Dianne West Sent: Wednesday, October 08, 2008 2:04 PMTo: linda.hig...@sbcglobal.net; Higdon, Mike; West, Jason T; Sharp, Mary A.; msjohn...@comcast.net; Rita tax Service; craig.luede...@comcast.net; Tabby Andrews; Fritz Holt ; Bob Rathbun ; Jane Parker; Pam Courtney; Jody DepasqualeSubject: FW: Homeowners in crisis need relief now Dianne K. West Administrative Assistant Town & Country Insurance Agency 10575 Katy Freeway, Ste # 150 Houston, TX 77024 713-461-8979 phone 713-464-2674 fax dw...@townandcountryins.com From: John McCain [mailto:j...@johnmccain.com] Sent: Wednesday, October 08, 2008 1:27 PMTo: Dianne WestSubject: Homeowners in crisis need relief now My Friends, Millions of Americans on Main Street are feeling the effects of our current economic crisis largely brought on by corruption and greed at Fannie Mae, Freddie Mac and Wall Street. Our next president must come into office with a plan to address the very root the failing housing market. Last night, during my debate with Senator Obama, I announced my plan to fix the root of our problem and I'd like to share a little more with you today. If elected president, I will direct my Treasury Secretary to implement an American Homeownership Resurgence Plan to keep families in their homes, avoid foreclosures, save failing neighborhoods, stabilize the housing market and attack the roots of our financial crisis. America 's families are bearing a heavy burden from falling housing prices, mortgage delinquencies, foreclosures, and a weak economy. It is important that those families who have worked hard enough to finance homeownership not have that dream crushed under the weight of the wrong mortgage. For those that cannot make inflated payments or their mortgage exceeds the value of their home, mortgages must be re-structured to put losses on the books and put homeowners in manageable mortgages. This Resurgence Plan would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages that will keep families in their homes. By purchasing the existing, failing mortgages the resurgence plan will eliminate uncertainty over defaults, support the value of mortgage-backed derivatives and alleviate risks that are freezing financial markets. I am ready to lead our country out of this financial crisis and I am ready to work with anyone and everyone who will help. Together, I know we can work together to find solutions for these challenging times. Please do your part today and spread the word about my new plan by forwarding this email on to your neighbors, friends, family and coworkers. Thank you for your time and support. Sincerely, John McCain P.S. Homeownership represents the very core of our American economic system. This is not the time for politics. We must move aggressively to provide relief and stability for all Americans. Please visit this page if you want to remove yourself from the email list. Paid for by McCain-Palin 2008
