The Mudcat Café TM
Thread #114650   Message #2502217
Posted By: Barry Finn
26-Nov-08 - 01:35 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Wrong Amos. That strawberry picker from Mexico, he was seduced into his home by a government that claimed "more homeowners" as it's banner. So the guy went for a 3/4 million dollar home, it was great while he was living in it & now that it's being foreclosed on he'll go back to Mexico after living & riding high. We opened the door & asked him to walk right in. If I could go to England & move into a 3/4 million dollar home on the seaside I'd be there in a New York second, so what if they foreclose on me 7 yrs later. I'd pack my bags & come home. Half of the loans make were very creative & made only so the broker could get fast cash & the home owner didn't even realize that with all he lawyer speak that they were getting raked. What me care? Fair practice, regulation, industry norms all went out the window & a good bit of it was criminal too. The little guy is the last one to blame if he should be blamed at all. They/we were all sold the great American dream, they shouldn't have been sold a nightmare.

Barry