Scoop’s Views

Congress has approved a $300 billion funding measure to help people who are at risk of losing their homes due to foreclosure, and now, it seems, almost every media outlet in the country is busy touting the ways to stake claim to your chunk of change from that bailout.

To be in foreclosure means you haven’t paid your mortgage. Wow! What a concept. Most of the people in the current mortgage crisis are people who managed to get mortgages from lenders who offered sub-prime loans. The loans were given to people with a variety of options, but many people who never would have managed to get a mortgage from traditional lenders managed to buy a home. Great. Until the taxpayer-funded bailout.

Tags: afford, approved, bills, Congress, crisis, dream homes, emergency bailout, financial woes, fiscally-responsible, foreclosure rates, foreclosure risk, foreclosures, home affordability, homeowners, in foreclosure, lenders, lending institutions, loans, mortgage bailout, mortgage crisis, mortgage lenders, political correctness, politically correct, politicians, sub-prime, sub-prime mortgages, subprime, subprime mortgages, taxpayer bailout, taxpayer money, taxpayers, traditional mortgages

Ed McMahon, the former face of Publisher’s Clearinghouse sweepstakes, who teased Americans for years that he could show up at the door of anyone’s home, at any time, and make them a millionaire, seems to be in need of a sweepstakes win these days.

In recent days, McMahon’s financial woes have gone public, and now he says that he is “representing many people in the same situation.” What a crock! Perhaps he should ask one of his neighbors, such as Britney Spears, if he represents everyday people.

Tags: bank repossessions, britney spears, crisis, Ed McMahon, eviction notices, evictions, grandiose lifestyles, Hollywood, home loans, housing, Johnny Carson, loans, mortgage crisis, Pamela McMahon, Publishers Clearinghouse, refinance, refinancing, repo, Simpsons Movie, sub-prime mortgages, sweepstakes, toxic mold

I’ve considered buying from Sharper Image in the past, but now with the company in bankruptcy proceedings, a lot of stuff is becoming clear about my horse sense.

Have you ever considered doing something or going somewhere, but even the mere thought gave you a bad impression? Well, that’s how it was with a lot of the disclaimers that were on the site the times I considered making a purchase: it make me nauseous.

Tags: bankruptcy, call centers, Chapter 11, credit cards, executives, gift cards, lenders, lending institutions, loans, money, robbers, robbery, sales floor, severance packages, shareholders, Sharper Image, theft, warehouses