DIYbanter - View Single Post - Paulson begins wrapping his gift to FRAUD Street

[email protected]

"RickH" wrote in message
news:822c94ee-15fc-40a5-989f-
...
On Sep 23, 10:24 am, wrote:
On Sep 23, 5:14 am, wrote:

I resent my tax dollars bailing out
individuals in McMansions who missed payments because they could not
understand the reality their own budget before they signed a balloon
loan. What do you think?

Bing bing bing, we have a winner. From what I've read, most of the
people in
foreclosure are losing homes they haven't been in for very long, put
little
or nothing down, and were paying interest only. So what, exactly, are
they
losing? They were, in reality, renting palaces that they should have
realized they could never afford. And we're supposed to bail these
people
out? I don't think so.