i can't believe people who are underwater somehow are deserving of help. how many of those in that situation are there because they had a HELOC, and that line dried up because the house value went down? add the money they owe on that line, and they woud be underwater. and a lot of people found themselves in this predicament-using equity as their own personal credit line, writing checks they now can't pay on. the feds (meaning us, the taxpayers) should pick up a tab for that?
on the other hand, so many are paying a price because of crooked bankers and investors....a huge, horrible series of mistakes-brought to us by our elected congressmen and women. some of whom will be voted into office yet again, because they 'do such a good job'. lol no, they don't. they build up their own little fiefdoms at the taxpayers expense. they just turn into petty tyrants.
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Books serve to show a man that those original thoughts of his aren't very new at all.
Abraham Lincoln
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