>The people who got loans that were obviously above their means (gambling on the real estate market) and the banks should share the pain. Not me. Awww - they didn't think the rate would go up?? Aww - they couldn't unload the house for a quick profit?? Too bad.
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>Same for the people who gamble their life savings and retirement funds on the stock market. The market crashes, the investment houses crash - don't stick me with it.
Exactly. If the government shouldn't bail out people who took the loans, then it also shouldn't bail out those who issued them.
>People should take responsibility for their actions, not just whine to the government and hope to get bailed out (I know - that offends democrats - too bad).
Don't look at me. I paid my 15 year mortgage in 33 months. Just because I could, and I felt like paying eight times less interest than scheduled, and it was a fixed low rate, credit union loan. There were a few adjustable rate options, but just thinking that there was something about may debt that could change without any of my doing scared me stoolless...
I'm getting a near-life experience watching all this mess. Though it won't hurt me directly, it will indirectly - by inflation. Been there, done that, and am very bored. Not again...