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Originally Posted by jorgelito
It is my hope people will learn to exercise fiscal discipline and to live within their means.
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And you've lived in America HOW long?
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Originally Posted by jorgelito
My main complaint is the government stepping in to bail out companies. Fannie and Freddie should have been left to fall on their own and not get a bailout. Corporate welfare is just as disgusting as social welfare. The market will sort itself out. The private sector has already taken measures to mitigate the impact of the bankruptcy.
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The MARKET will sort itself out. Mom and Pop Homeowner, however, will be well and truly fucked without some sort of protection. I'm not interested in helping failing banks--they buttered their own bread on this one. I'm REAL interested in protecting homeowners from the failure of those banks.