Quote:
Originally Posted by sortie
Hey, wake the fuck up.
I would write 5000 mortages the second they decided to do that. 
Further why should people who bought houses and can't pay get a free house
when other people live in the street because the one who couldn't pay for the
house is the one that makes the prices go so high to put the others in the street.
So, people go out and cave into a $300k house and now every house is $300k and I can't buy
one for that price so I live in a rented dump because of you and
now you want the fucking house for free and I still pay rent??  |
First, of course there would be a cut off date on it. All consumer debt prior to whatever date they decided. Since I originally proposed this back in October it would have been as of mid October or so.
Second, they have already laid out 12.8 trillion dollars and people are still losing their homes. My version all those people would have kept their homes. Yes, some people would have made out.
This is/was a true middle class bail out that was proposed instead of a financial institution bail out. All of those sub-prime mortgages were the result of the financial markets greed and finding ways around the rules. When someone gets conned, who do you blame, the victim or the conman?
Again, because you did not answer; Would you rather see the banks and financial institutions bailed out or the consumers?