Quote:
Originally Posted by Peaches
Giving the money to the people doesn't help the banks afford more loans and very few people have the ability to purchase houses and cars and pay tuition with cash, even if they were given their "portion" of the bailout.
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Well, and I'm just playing around in my mind, obviously, but I'd think that would be a pretty good sized chunk of change if they did that. They could tax it as well, and make me give some back to the feds. First thing I'd do was pay off my house, which gives money back to my bank.
Not going to happen, I know, but I just cannot stomach the idea of them doing this bailout. And it's not a popular opinion, I'm pretty sure, but I don't have much sympathy for people who bought houses that they had to *know* that they could not afford, and are facing foreclosure.
I bought in 2005. When I went through the loan process, they told me I was eligible for a loan far, far greater than I expected. For a day or so, I dreamed of the house that I could buy with that kind of money. But then even dumbass me knew that the amount was a stupid ass amount for me to even begin to consider, so I shopped for and bought something pretty modest.
If I hadn't, no one would be talking about bailing me out today.