Tuesday, October 25, 2011

Barack Obama's Student Loan and Home Mortgage Proposals still tap dance around the real issue, the interest rates on those loans and mortgages.

Barack Obama is somewhat attempting to help both homeowners and those with student loans. However, until people can actually renegotiate existing loans without first being put into default, these changes are baby steps at best.

Read about Obama's new student loan proposals here. Read about Obama's new home mortgage proposal here.    


Orginally, Obama would only allow a homeowner to apply for HAMP if they first defaulted on their mortgage payments, now Obama is only helping those who have not defaulted on their home mortgages. 


Just sayin.

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I've created a Credit Card Product that can reverse the record setting 1.1 trillion dollars in consumer credit card debt at record high interest rates. Saving So Help Me Todd is my present passion, as is helping unfairly Banned by Linkedin Members get back on LinkedIn. Past passions have included winning a Los Angeles Emmy and also an Internship Scholarship from the Academy of Television Arts and Sciences; Creating the "Legalize Los Angeles Home Based Business Video" that was viewed by City Council staff before LA City council voted 12-1 to pass legalizing Los Angeles Home Based Businesses in 1997; and having an incredibly low budgeted Opera Video win a Los Angeles Emmy that was featured in a successful campaign to approve a 75 million Education bill for the Santa Monica area.

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