The people that make this country work the people who pay on their mortgages the people getting up and going to work striving in this recession to not participate in it they're not the enemy. They're the people that hire you. They're the people that are going to give you a job.
Quite frankly Barack Obama knows what it's like to pay a mortgage and student loans. He knows what it's like to watch a beloved family member in a medical crisis and worry that treatment is out of reach. Barack Obama knows our struggles. And my friends he shares our values.
The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.
However my parents - both of whom came from impoverished backgrounds and neither of whom had been to college took the view that my overactive imagination was an amusing quirk that would never pay a mortgage or secure a pension.
The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.
The highest-income Americans don't need tax-free health insurance mortgage interest deductions or deferred taxation on retirement funds.
Because when we think about the real facts: 44 million Americans without health insurance millions without jobs a 50-year high on mortgage foreclosures an historic high the third year in a row on personal bankruptcies.
Left to ourselves we might pick the wrong health insurance the wrong mortgage the wrong school for our kids why unless they stop us we might pick the wrong light bulb.
The future that I will not live to see is the one my children will live in. That's my immortality. And I shouldn't try to mortgage theirs for my benefit.
When I was a little kid I wrote this play about all these characters living in a haunted house. There was a witch who lived there and a mummy. When they were all hassling him this guy who bought the house - I can't believe I remember this - he said to them 'Who's paying the mortgage on this haunted house?' I thought that was really funny.
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy things would have been a lot messier without it.
Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession problems in mortgage markets the problems in the banking sector the problems in government finance in countries like Greece none of those problems were in present Canada.
The dirty little secret is that the pool man who's making $30 000 a year is subsidizing the million-dollar mortgage for the family whose pool he cleans. No wonder people want to get rid of tax breaks for corporate jets.
I've become a professional failure - in order to pay the mortgage I have to remain unemployed. Luckily a disaster always seems to befall me at exactly the right moment.
You can design a mortgage system that is different without a Fannie and Freddie but there are principles you have to have to have a good system.
Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.
People find themselves in ruts all the time. You're in a complacent lifestyle where you work 9 to 5 and then you add a mortgage and kids. You feel trapped but guess what brother? You constructed that life. If you're OK with it there's nothing wrong with that. But if you've got unease then you've got to make a change.
Obama won the presidency on the strength of his message and the skills of the messenger. Now the talk of hope and change feels out of tune when so many Americans are out of work over-mortgaged and worried that life will be even tougher for their children.
I think we've been dulled by capitalism. We're just blobs now - we're so worried about how we can keep paying the lease on the car the mortgage the lease on the toaster and all that. You can't really think about much else. If you lose that you lose the whole lot.
The most important loan to pay is your student loan. It's more important than your mortgage car and credit card payments. You cannot discharge student loan debt in the majority of cases.
The people who did the collateralized mortgage obligations sold them to pension funds then sold them short then bought credit default swap insurance on them are just amazing. They are a law unto themselves.
At its best our age is an age of searchers and discoverers and at its worst an age that has domesticated despair and learned to live with it happily.