I was in Texas several years ago and heard this jewel: "We will loan you 125% of your home's value." As a proud graduate of U.S. Grant High School, I scratched my head and almost had a mental freeze (like when you eat ice cream too fast). Why would anyone loan (or borrow) 125% of the value of almost anything? A home would be over-valued for at least five years if the value went up 5% per year. All I can say is, let the pit boss smoking the big cigar hand you the dice and hope you can roll like a sailor on shore leave!
The best bet is to be like the CEOs of the failed corporations and get big bucks for driving that sucker right into the ground. Long-term inflation, stagnant residuals, shareholders' pain, T-bills — it's not funny, but it sounds like the side effects of all those drugs they advertise on TV. They are good for something, but the side-effects will kill you.
This mess has been forming so long before the politicians actually did anything that we would have had 9,248 alerts from Gary England (if he was doing the financial crop warnings). Oh, no, we had to worry about the extinction of polar bears (which are more numerous now than ever before) or fighting big tobacco but not outlawing it because the taxes on cigarettes, cigars and dippers give the polecats (political polecats) some more money to squander.
Did you know the "Big Bailout" contains money for car people, pay-offs for student loans, and other assorted stuff NOT related to the home loans? Thanks to you (your money, that is), a lot of people will sleep tonight and go out and make the SAME LUNKHEAD finance choices next time. Are you ready to give them some more of your money? Will you have any left?
I guess we could have called the Help Line and talked to a guy in India named Habib to get the real technical answer to solve the problem, but we would miss the "Thrill of Victory and the Agony of the Politicians." Gee, Beaver, it's just like Eddie Haskell giving you the business. He doesn't mean it — he's just trying to be a big shot!
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Check your heating system before you need it. It needs cleaning every year for maximum performance, and energy prices will be HIGH this winter!