Why does the government need to subsidize retards that live well beyond their means?
That's what the bailout amounts to. People bought homes they couldn't afford, and had to default on it, leaving the bank with a house it could not sell, and a debt it could not repay.
Even though banks are at fault for giving loans out to any person that could sign their name, it was ultimately up to the potential American homeowner to realize that having a high-cost mortgage isn't the smart thing to do.
I say let the markets hang and don't bail them out. This is the next step in American socialism, and I'm very worried about it. The government doesn't have the responsibility to bail the wealthy homeowner out of their recklessness.
Why? My fiancee's family, and my family are both "victims" of predatory lending - her family almost defaulted, and mine is on the brink of it. Why? They were retarded and bought $150,000 homes on
Back from the dead, I'm afraid.
