Quote:
Originally Posted by peaceandlove
yes, many people purchased homes that they could not afford. There are also those that are losing their homes because they lost their jobs. How do you discern which ones were foolish and which ones were unfortunate? Is it the taxpayer's responsibility to fund the foolish or the unfortunate?
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It is not the taxpayer who should fund this either this was not done by the people purchasing homes it was done by those at the top who gave out mortgages that should have never been given out in the first place . Freddie mac and Fannie Mae got huge bailouts .... Why ... they were part of the problem and by all rights they should have gone down and those who were given mortgages should have been able to keep their houses out right as a lesson . Wall Street and the big banks are all betting on who`s going to sink or swim in this economic cess pool with their derivatives getting billions and then paying out bonus`s and retention payments . All the bail out money that is being p*ssed away could have been equally divided up and given to every person in America and no one would have lost their job and they would be working overtime to fill orders the worlds economy would be fine . In my opinion they should lock the bankers and wall street people in their buildings and leave the windows open if they want to leave jump out the window. people should just pull all their cash out of the banks and let them drown