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bunklocoempire wrote:Another "best caliber" discussion?![]()
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"People are no longer able to afford their mortgage payments," said McCain as he laid out what he billed as an original proposal for addressing the grassroots impact of the Wall Street credit crisis.
"As president of the United States, I would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes, at the diminished value of those homes," he said.
Doing so would enable struggling homeowners to meet their mortgage payments and stay in their homes, he said.
http://news.yahoo.com/s/afp/20081008/ts ... 1008024739
I think you mean:
Better an imperfect socialist than a perfect socialist![]()
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Bunkloco
AJMD429 wrote:True - maybe I should have had one that said "better a waffling moron than a conniving dictator!"
I too have zero sympathy for either the folks that got loans they shoulda knew they couldn't pay nor the lenders that gave them the money knowing they likely wouldn't be able to afford.Mike D. wrote:I feel little sympathy for those who allowed themselves to be talked into loans that they could ill afford, and knew it. Sub-prime lending is the crux of this problem. Both the lenders and lendees are culpable, and greed is behind it. Living above your means seems to have taken on a new meaning in the 21st Century. Now that these dummies are caught up in the web of their own making they cry to the government for an easy way out. Sorry, but I am not interested.