Replies

Many people were caught in the mortgage mess.

No one was "caught" in anything. They were willing participants in risky behavior. They could have rented or otherwised lived within their means, but they didn't and I don't feel like bailing them out. If you do, you're free to go up and down your street passing out more money to subsidize their risky behavior.

They were willing participants in risky behavior.

I hear you, and I agree with you.

I did mention that and I also mentioned that many let their greed get the best of them.

But, we can't undo what happened. Risky or stupid. It doesn't matter now.

What matters is how we get from the current mess into better times and into the best of times. One step at a time.

What McCain proposed is, quite frankly, socialism and itself, risky. But, we need to get over the past and into programs that can start getting us over the problems. We need to try to stabilize the real estate market and the credit markets. I'm not sure that socialism, in the form of rescue packages, will work, but, at least we can try to stabilize the situation. With people in a more stable home situation, and with the credit markets with the funding to lend, we can at least start making some headway towards, hopefully, capitalism again. What will be needed in the future is less government intervention and absolutely no government mandates on wall street and on the banks for very loose lending rules, which is what got us into these problems.

No one was "caught" in anything. They were willing participants in risky behavior.

You can't participate if your not qualified to.

If I wanted a loan to purchase Dodger Stadium with a 30k income would they loan it to me?

Fact is a lot of people were *approved* for loans they could not afford. The majority of those people had NO say if their loans were approved. The lenders lost all sight of common sense lending standards and ethics.

Another fact is, if your going to willy nilly throw around easy money, ya better expect real long lines.

It's totally 100 percent up to the lending institutions to determine if those applying for loans are qualified.