Quote:
Originally Posted by Panda  ^ So sad to see people who are morally bankrupt get ahead at the expense of the average working man who has to pick up the tab...
...People are not stupid. They know when they are being had....
...So big deal. Who gets hurt? Only the common working class man who is struggling to pay his mortgage. Families out on the street and bankrupt while these parasites enjoy the good life. Yea, I know. Its the American way. |
Yea they are so not stupid that they took out loans for houses they could not afford - pure genius those folks. Not to say the companies that gave them the loans are much smarter but just because credit was easy was not an excuse for living above one's means. They both took the risk and they both should suffer for it.
The common working class man that is not living above his means will come out of this mess just fine - maybe in better off as he can pick up a house on the cheap right now.
The common working class man that bought his house using an interest only, zero down, or some other crazy type of mortgage, has maxed out about a half-dozen credit cards, and is about to come to the end of the lease on the car he is driving is surely going to take it in the arse - as he should.
Those that work hard, pay their bills, and live within their means will be just fine.