Bye Bye Banks and Wall Street

LSPoorEeyorick · 09-29-2008, 04:44 PM

Well, be glad that you don't have any room for ignorance in a several-hundred-thousand-dollar purchase. Lots of people aren't educated enough, or are ignorant enough, not to know better. And they're encouraged to live the American Dream, considered a failure if they don't - and, yes, the predatory lenders pounced on them. Basically - be glad you're smart.

But, no, the non-ignorant people like you and I, who did not purchase more than we could afford, should not have jumped on that bandwagon. It'd be an even bigger mess.

Plus, it's not my understanding that the homeowners are benefiting from any of this, or would particularly be benefiting from a bail-out. With so many homes in foreclosure, the write-off is more about the stupid bank lending/greed than the people who've lost their homes.

09-29-2008, 04:44 PM	#11
LSPoorEeyorick scribblin' Join Date: Jan 2005 Location: in the moment Posts: 3,872	Well, be glad that you don't have any room for ignorance in a several-hundred-thousand-dollar purchase. Lots of people aren't educated enough, or are ignorant enough, not to know better. And they're encouraged to live the American Dream, considered a failure if they don't - and, yes, the predatory lenders pounced on them. Basically - be glad you're smart. But, no, the non-ignorant people like you and I, who did not purchase more than we could afford, should not have jumped on that bandwagon. It'd be an even bigger mess. Plus, it's not my understanding that the homeowners are benefiting from any of this, or would particularly be benefiting from a bail-out. With so many homes in foreclosure, the write-off is more about the stupid bank lending/greed than the people who've lost their homes.
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