Is there anything to alleviate the difference between the two credits. I bought a house in 2008 now i have to pay the 7500 credit back but if i waited a few months i could have gotten 8000 and not paid it back. Seems like their would be something to make them more even. Anything out there?
========================================= MODERATOR'S COMMENT: Sorry, no. Maybe if you and many others like you, wrote the lawmakers .....
I think plenty feel your pain. I am sore that ABC bank (in which I have a smaller position) got bailed out but XYZ (in which I have a larger stock position) did not. Who are the feds to be so capricious?
The best line I have seen on this this month is as follows:
"Believe me, millions of people agree with you. Unfortunately, and nothwithstanding how many times President Obama talks about helping ?responsible? homeowners, this is not really about fairness. It?s about rescuing the economy ? and all of us in it ? from a really horrific depression. Many, many people who are in trouble made reckless decisions and many of those people probably knew in their gut their decisions were unwise. But the main rationale for this program is that we are all in this mess together. Foreclosures are dragging the housing market deeper and deeper into the vortex, and the housing market is the single biggest cause of the financial crisis and the economic recession. This recession, by the way, is already worse than anything since the early 1980s and I would be surprised if it doesn?t turn out to be worse than any other downturn since the Depression. None of these bailouts ? for AIG, for banks, for the car companies and for homeowners ? are really based on the idea that the beneficiaries 'deserve' to be rescued. On Tuesday, the Federal Reserve chairman, Ben Bernanke, told the Senate Banking committee that nothing in the past
18 months had made him angrier than the collapse of AIG, the insurance conglomerate. And if you listened to the way he said it, he sounded like he would have loved to start stringing the company?s executives up. Despite that, he has passionately insisted that it would be disastrous for the country to let the company collapse.It?s true that we don?t know exactly what would happen if AIG collapsed, or Citigroup collapsed, or housing prices plunged another
50 percent. But both the Obama administration and the Federal Reserve are operating on Franklin D. Roosevelt?s famous analogy: if your neighbor?s home is on fire, you help to put it out so that your own house doesn?t burn down."--Edmund L. Andrews, NY Times Economics Correspondent
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