Wednesday, June 25, 2008

The Mortgage Crisis

MSNBC article about foreclosures: http://www.msnbc.msn.com/id/24956031

So he bought a house in 2005 and now he's losing everything his parents worked for????? Missed a hearing on something this important???? Give me a break! He bought a house he can't afford on his income and now he's got a "boogeyman" to blame!!! This is simply another article aimed at giving the morons in Washington (house, senate, et tu) more ammunition to bail out....wait for it....NOT THE HOMEOWNERS BUT THE INVESTORS IN MORTGAGE BACKED SECURITIES! In 99+% of the stories you read today about the housing crisis, the foreclosure is due to one thing...the homeowner not living up to their responsibilities. And liberals love that...because they can point to it and say "See, you people can't take care of yourselves....government has to do it!". And their kool-aid drinkers guzzle it down!!

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