Reply To: 1st Pres..debate
On 2008.09.29 at 9:41 pm some pumpkins wrote:
That email has to be a hoax. Paying off everyone’s mortgages would be impossible.
I have trouble blaming the gov’t in this, since from what I understand, most of this stems from people defaulting on mortgages and home loans. Sorry, but if you make $40,000 a year, you shouldn’t be accepting a $400,000 loan just because the banks offer it to you. People need to take responsibility of their own actions; not take the loan, default, then blame the government.[/quote:iuwt46kj]
very true that people shouldn’t have applied for these loans in the first place.
also true that the companies were very greedy in making these bad loans.
the result is the situation we’re in today.