$700 B Bailout

[FRPLG]

Originally Posted by BleedBurgundy

Not this guy. I didn't over burden myself with bad credit and I didn't buy a house I couldn't afford. So, uh, no. But, I do agree with you in principle that there is a lot of blame to go around. I don't want idiots who lied on loan applications or simply purchased a home which was obviously above their income level to be bailed out either. I'm sorry, but the way I was raised was that if you make a mistake, you pay the consequences. I know, that's so passé.

No I totally agree. And I am one of those who has a reasonable house bought at a reasonable price and a nice 30 year loan I can easily afford. Trust me, it is gonna piss me off if we let all these people with 800K houses on 70K year incomes keep their houses when they never should have bought them in the first place. It is THEIR fault for buying the house and it is the BANK's fault for giving them the money to do it and it is our gov't fault for not maintaining proper regulatory control to stop either of groups of idiots for letting this happen.