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Posted by: bks1mcs2 11 months, 1 week ago
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bks1mcs211 months, 1 week ago
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Many of these homeowners who are struggling are people who purchased homes they could not afford with the hope that the prices of homes would continue to rise and they would have equity that they could cash out.
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Well guess what. The housing bubble burst and those people are now in trouble. I am sorry about that but there was no one to bail me out of all of my troubles. I have made some business decisions that have cost me hundreds of thousands of dollars (way more money than I have now) and I had to pay the price.
We cannot depend on the government to bail us out of every stupid decision that we make. We must be held accountable for our own actions. Not just home owners but banks, corporations, Wall Street, etc.-
sonofreasonComment removed: Hard Banned
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Mr_Dixon11 months, 1 week ago
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(("Many of these homeowners who are struggling are people who purchased homes they could not afford with the hope that the prices of homes would continue to rise and they would have equity that they could cash out.
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Well guess what. The housing bubble burst and those people are now in trouble. "))
Well ... guess what. Thank to the Obamination of America you are going to pay for someone else to prosper where you failed. Only you had a legitimate chance to succeed but they never should have even had the chance as it was taken.-
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wtagg11 months, 1 week ago
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"Thank to the Obamination of America you are going to pay for someone else to prosper where you failed. "
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Wow, he has done a lot in the last two days.
The Obamination of America was occurring long before he was even considered a possible candidate for the presidency. Will he add to the woes of this country? Possibly. Has he yet? No. -
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william-sire11 months, 1 week ago
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If you haven't been under a rock for the las 16 years you would know that "Our Boy Bush" and his buddies were fighting against that housing debacle. It was "your boy Clinton" and his buddies that produced that. And his buddies in the house and senate that kept it going after "your boy" Clinton left office.
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Tangent00111 months, 1 week ago
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Children, please! There is plenty of blame to go around, and I don't see any real heroes either. Most people had their heads stuck in the sand. The trashing of the Glass-Steagal Act happened slowly over the course of many administrations and nobody really seemed to care. Oh, a few warning flags were raised, but the stock market was flying too high for anyone to really take them seriously.
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