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Message
From
29/07/2008 23:28:01
Dragan Nedeljkovich
Now officially retired
Zrenjanin, Serbia
 
General information
Forum:
Finances
Category:
Other
Title:
Miscellaneous
Thread ID:
01334825
Message ID:
01335169
Views:
19
>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.
>
>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...

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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