I find the idea of people thinking of themselves as "victims" of "bankers" tiring. I've lost money during this financial meltdown on investments that were unwise. I've remained constant with ones that were. My wife and I always bought homes where there was not an adjustable rate mortgage and where the PITI was far, far below what we could afford.
I'm sure there were some criminal dealings. But by and large, people got themselves into messes because of their own failings. I do not want to see government "bailouts" of people who were unwise, paid for those, like me, who were.
Almost everybody is losing investments these days. Who has the right to decide which of those folks the government should help and which should be left to fend on their own? If it's everybody, where do I send the bill?
Langley , WA
Jan 24 2009 - 4:33pm