The government is rescuing Wall Street, but doing nothing to help those who are losing their homes. I smell a lot of anger and resentment out there, and it's going to build over the next few weeks as this race gets nastier.
Because rescuing the deadbeats who helped fuel the crisis to begin with is a terrible move. The business world and politicians(including your beloved Obama who was a big part in pressuring the Mae's/Mac's/and banks to sell to less then credit worthy applicants) made a huge mistake. Their blunder is driving the US towards economic collapse. Taxpayers are already banking against their country's economics collapsing with their tax dollars--the stakes are huge here--*THIS* is why wall street is being bailed out, but it will come with heavy, heavy consequences. If you thought regulation of brokerages and such were bad now--just wait until the dust settles.
Now, bailing out a bunch of individuals who should have never been extended credit to begin with is not only unwise, but will build resentment with the individuals who really do fuel the economy--responsible citizens who now see themselves as punished for paying their mortgages on time or at least being sure it never got to the point of foreclosure. We already rescue enough deadbeats via welfare, let's not do it again by giving them 'free' houses. I will guarantee if you knocked their debt down to half of what they owe they would still be foreclosed on again in a couple years time. It's foolhearty. Release those properties so, at some point, they can be sold to people with a much better credit worthiness and they can then rent those places out to the deadbeats if they wish with far more recourse and less repercussions to the overall economy if they fold on their rent payments. I have a feeling short sales will become illegal now because of all this and not just on a temporary hiatus and if you thought getting credit was bad before for the people you bleed your hearts over...just wait.
The bottom line, DUmmies, is that it was nobodies business to lend to deadbeats. It was your warm-hearted, parity, equality, racist politic bullshit that made that scenario possible so pardon me while I say **** the deadbeats and **** you idiots for not being able to pull your heads out of your self-righteous liberal asses for a moment to understand what is going on and just what is at stake for all of us, not just your bleeding heart PUBLIC charity cases. They can go back to their section 8 housing so the rest of us can try to save this country from the economic disaster they helped steer us towards. As usual you will benefit while those who know how=do and you scratch your overwhelming asses at what just happened and who got 'oppressed' in the process.
the only thing I might give you is this all operated on greed---greed of investment and mortgage companies, but also greed of the people you want to bail out now from losing their homes. I'd say let the private sector and gov. rot too, but I'm afraid that the rest of us who have followed the rules might be pulled down with it if we do.
