Quote:
Originally Posted by dga
Yes, but why should the taxpayer have to pay for it? What about credit cards with dubious lending practices? There are those that charge up to 24% interest rates. But if you signed up for the debt (without reading the fine print, or knowing beforehand that you couldn't afford it), you should be responsible for that.
That said, I still feel it should be a 'greater good' decision. Wait as long as possible to see if the market can correct itself, and intervene only if absolutely necessary (i.e. in order to avoid catastrophic consequences to the economy).
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Why not? Like I wrote the taxpayers bailed out everyone else without choices. Some states already have filed suits on companies like my mortgage company Country Wide to get to the bottom of this. And at the bottom one will find that the wall street money managers concocted this from day one.
But it went out of hand because of greed. The elite and those under them just can't say no to more money. They never get enough that is why America is in the mess we are. Keep the bigger picture in mind.
Yea some were unwise. But not all and once the jobs went south so did the ability to pay and then increases came on top of that.
So now cities like Denver have developed areas with more that half the newer homes forecloses on and now they still need to police the areas but gain no tax base from it. It isn't only about the people who need help but the cities who will lose more tax base and then less services provided.
So when that hits your city maybe you will include it in my thread on Local News. But so far it seems the people against helping their fellow Americans, haven't felt the pain of the war nor the forecloses.
I say let the wall street bankers and the builders feel the pinch and support our fellow citizens.