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Re: Bailout!!!

Yep we are getting ready to pay for an idea to help people who can't afford an expensive buy one. Any bank would not have loaned the money. Then the mortgages get sold and sold and then there is nothing to get anymore because a house can only be worth so much. But people loaned the money saying "well you can make payments for 5 years and flip the house and make money and get a new one". Meanwhile the "owners of Fannie and freddy" are getting rich watching the whole thing unravel. then they run around putting blame on Wallstreet and saying there wasn't enough regulation after saying they wanted it deregulated. Amazing. So we will all pay for these people to not only get a nice house instead of one they could afford, but keep that house. Socialism?
This is CABL.com posting #227634. Tiny Link: cabl.co/m7nG
Posted in reply to: Re: Bailout!!! by voices
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Re: Bailout!!! johned 9/25/2008 8:22:00 PM