04.07.08 NowWhatDoYouDo.com podcast hosted by Benjamin Dover
Posted in Subprime mortgage expert advice, scorched-earth consumer counseling, money, personal finance, failure, predatory lending, divorce, starting over, Project Lifeline, debt relief, President George Bush, Real Estate failures, Debt restructuring, Ben Bernanke, Mortgage recast, debt forgiveness, Henry Paulson, Senator John McCain, Senator Hillary Clinton, Senator Barack Obama, Depression, Bailout, Rescue, President Ronald Reagan, Bush #41, Bush #43, S&L scandal, Savings & Loan debacle, Dr. Martin Luther King, Jr. on Apr 7th, 2008 No Comments »
Wake Up, Washington! It’s time to bite the bullet on a mortgage bailout plan for homeowners…NOW!
Get ready to pay the piper, and pay big-time. If we’re going to avoid a full-scale, depression-style, real estate-fueled meltdown, Americans are going to foot one heck of a bill to pay for all the special government loan programs, guarantees and financial band aids.
How much? By the time the tab is tallied in 2010, I think were looking at a cool $1 trillion. And that’s the good news. That’s assuming Washington takes swift action soon after the new administration takes office next January 20.
Benjamin Dover breaks it down and lays it out, and while the numbers aren’t pretty, the call to action—from someone who survived another economic catastrophe during the S&L implosion in Texas just 20 years ago—is realistic and emphatic:
“I’m not trying to scare anyone, just prepare them for the inevitable…sorta like prepping a kid for their first time to see the dentist. If you know what’s coming, you can handle practically any situation more rationally and more effectively.”
Listening to this podcast will give you an unparalleled look into the future like only Dover can deliver.
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