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  #1  
Old 04-30-2008, 12:48 PM
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Government expected to help bail people out of of high rate mortgages???

I was listening to Glenn Beck (as I always do) and wondering as he was WHY ON EARTH is it the U.S. Governments (that means OUR tax dollars people) job to help bail out all the DUMB ASS'S out there that were stupid enough to finance their houses with adjustable rate mortgages??????

If you were that stupid then you get what you deserve... Don't come crying to the rest of us and trying to RIP US OFF!

STUPID IS AS STUPID DOES


Last edited by Idolotor; 04-30-2008 at 01:00 PM.
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  #2  
Old 04-30-2008, 12:56 PM
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MTI MTI is offline
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Why does the government bail out failing corporations? The same principle applies to other government bail outs.

Simple . . . the cost vs. benefit equation justifies it. Moral indignation does not contribute to the tax base.
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Old 04-30-2008, 01:00 PM
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Think I should rush out and buy something I cannot afford before this happens?
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Old 04-30-2008, 01:15 PM
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Originally Posted by cphilip View Post
Think I should rush out and buy something I cannot afford before this happens?
LOL I've been eyeing and S65 AMG.
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Old 04-30-2008, 01:50 PM
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Quote:
Originally Posted by Idolotor View Post
I was listening to Glenn Beck (as I always do) and wondering as he was WHY ON EARTH is it the U.S. Governments (that means OUR tax dollars people) job to help bail out all the DUMB ASS'S out there that were stupid enough to finance their houses with adjustable rate mortgages??????

If you were that stupid then you get what you deserve... Don't come crying to the rest of us and trying to RIP US OFF!

STUPID IS AS STUPID DOES
Of course, only they know what is best for ourselves. We can't be trusted or take personal responsibility. We're just common folk. They will save us from ourselves.
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Old 04-30-2008, 03:18 PM
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Yeah since most of them are out of the system by now the government is just talking about it and trying to look like they are doing something.

I beleive most of the ARM's have already reset a lot of them should be on their way out or out of they system by now.

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