LOL i'm not a supporter of bush-o-nomics. I have hated this moron since before it came fashionable :) And he totally screwed the budget over which sucks. So why do want to let barack do the same thing by bailing out people who goofed.
I'm sure there are people who were defrauded perhaps. Though i dont know if i'd say the majority of this was people being defrauded. I'd wager an educated guess that the majority was people who took Adjustable rate morgages and thought the rates would never go up. I had a couple people i used to work with that did that back in 2004/05 and were freaking out on the phone when it would go up just a bit. And i'd say did you think interest rates would never go back up again? And their responses were generally i didn't think that far ahead. Then to play devils advocates how can we be sure the people were defrauded when the person might have just misquoted? Isn't that what a contract is for to put it all out their in writing?? On 6/26/08, Dana <[EMAIL PROTECTED]> wrote: > > the thing I find interesting in this thread is that everyone complaining > about keeping to a budget is a supporter of Bush-o-nomics. Which means you > have no credibilty when you say that other people can't do math. > > So let's see, it's ok to bail out Exxon, just not elderly near-illiterates > who have been lied to. There's a little more going on than people not > realizing that loans carry interest, people. You don't send people to jail > because the people who signed your contracts didn't read them. It may be > just me, but fraud is pretty predatory in my opinion :) > > > > On 6/26/08, Cameron Childress <[EMAIL PROTECTED]> wrote: > > > > On Thu, Jun 26, 2008 at 5:53 AM, Bill Wheatley <[EMAIL PROTECTED]> > > wrote: > > > Yea i know the govt is going to bail them out which means no lesson > will > > be > > > learned. Well the lesson that will be learned is be a moron the govt > will > > > make it ok. > > > > Yeah I love hearing "they should do something" (meaning the govt). > > Demonstrates a total lack of understanding that "they" are funded by > > the population of the USA in a very inefficient way that leaks money > > all over the place. A 500 billion dollar govt bailout might actually > > cost the population 1 trillion in tax revenue because the govt can't > > do anything efficiently when it comes to money. > > > > But then, it's that sort of idiocracy that got them there in the first > > place, so it's not surprising. > > > > -Cameron > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:262811 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
