Housing bailout

[bobback]

I knew a guy that bought a house on a variable mortgage rate, w/ the plan of flipping the house and making a lot of cash...guess what? The bubble burst, and now he can't afford the payment; now he wants to sue his lender for giving him a loan he couldn't afford. I told him he was crazy, and he got mad at me (probably an Obama supporter).

These are the type of people that will be getting bailed out...wtf?!

 

[MPS]

What a piece of chit...again libbies take no responsibilty for their actions! How do I know he is a libby you ask...I just know it in my heart!

 

[Catskinner]

I love paying my mortgage and now I get to help all the other irresponsible people pay for their home. It gives me such pride in my country when I can help some of my fellow Americans.
Just another sign of socialism, where the government controls everything and everyone by eliminating the private sector.

 

[Mjunkie]

A friend of mine just the other day was telling me about how he's involved in helping people who are "struggling" get the bailout from the government and how he's going to make bank by selling it to people. He kept telling me that it's a win win situation because it will help out the people in "trouble" (I put that in quotes because he said that it is pretty easy to show that everyone is in "trouble"), and the banks like it because they're getting the money they need. I like the guy, but what an idiot!! Who ultimately is paying for the bailout? Like mentioned above, guys like me who aren't going to scam their way into getting part of their mortgage reduced or taken away. Guys like me who have borrowed money to buy a house and are going to be honest and just pay it off over time, instead of making my financial problems the problems of every other honest person out there. Makes me sick. Just got to love Obama.