Quote:
Originally Posted by buckman
And I say fine, put new systems in place. How about this, don't borrow 500k on a 400k home if you don't make enough to cover the note. The people that had adjustable mortgages, reaped the benifit of low payments while I new better and payed a higher, but set fixed rate.They should not be bailed out. They gambled and lost. The tax payer should not have to pay for bad lending or bad borrowing.
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What about the executives who lead their institutions into peril? I wonder how many of them were selling short and profiting on the decline of the companies they were leading? That's pretty cool huh? Lead the company down the %$%$%$%$ter, bet against it, make a killing, then get your ass bailed out and keep your whopping salary.....