Re: BUSH wants to give tax $'s to Mortgage Holders
Posted by:
cw
()
Date: August 31, 2007 04:33PM
I am glad Cary doesnt delete profanity on this board. Fuck every last one of the white trash borrowers who are facing foreclosure. They earn 50k and year and purchased a 800k home.
There is no mystery here, they wanted a big home they couldnt afford so they got it anyway. Now Bush and the rest of the simpletons in DC want to bail them out with the tax money of people who lived within their means.
The speculators should have been left to get just what they deserved. They took the risk of flipping homes in a hot market. The market cooled just as it does at certain times and they got caught holding the bag. Now we are supposed to feel sorry for them? To anyone who does feel sorry for them that is the reason the housing market exploded and drove most people further out. It was the speculators buying and betting on the come.
Fucking idiots think the mortgage companies get the money at 5% and will loan it out to them at 2%. Yeah, they are in the business of losing money on every loan they write.