vagabond

This might help some of you. Sorry I'm a bit late with posting this.

SAABaroowski

jesus, why is the government bailing out Financially irresponsible people....................

Yes the mortgage companies are scum but a little research would have told you, you probably would not be able to afford it in 3 years

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XJT 177

fatmike69

I agree. Isn't anyone familiar with the term "buyer beware" anymore? Seems like it's ALWAYS someone else's fault when things don't go right, never their own. For the life of me I still cannot figure anyone's logic who bought at the peak of the boom in say, Stockton CA, a house for $500,000 who thought it was going to be worth 1 million in a year (seriously, in Stockton? right...). And then when the house actually looses half it's value, well then let's just walk away from the house and let the banks and taxpayers deal with the mess. There's no point in me staying here if I can't make my money!

hotshot

Don't buy what you can't afford. I'm not going to buy a 10,000 square foot mansion on an F/O salary.

McBoeingBus

It's the American way. Run your credit to the hilt buying more than you can afford with your house and car and kids private school and then cry about how it's not your fault and get the media involved. Those of us who saved and don't have 10,000 sqft homes and new cars get to bail these idiots out. I guess that we could all move to Sweeden, at least there you know from the start that you are in a socialist country.

Sandhawk

There are some great buys on the foreclosure market these days.........

EvilGN

guys this is the 21st century in America



people are NOT responsible for their actions

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On a long enough timeline, the survival rate for everyone drops to Zero

ryan1234

Well at least next time the banks want to do this again, they'll know they have our tax money to bail them out. The best thing long term for America would be if Bank of America and Wachovia folded. Historically you can see that credit caused the great depression, the FDR admin. prolonged it by Keyes' economics, and WW2 bailed us out for a price we still have not paid to this day.

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If Guns kill people, spoons make Michael Moore fat!