tag:blogger.com,1999:blog-906854738305262612.post8844665060925393578..comments2024-01-16T13:45:18.658-06:00Comments on The North Coast: Proposed Bailout for Mortgagees-Will Middle Class Welfare Program Collapse Us Financially?The North Coasthttp://www.blogger.com/profile/14292115710427172625noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-906854738305262612.post-50792675804124455582007-08-26T18:14:00.000-05:002007-08-26T18:14:00.000-05:00I feel sorry for anyone who is hit with one of lif...I feel sorry for anyone who is hit with one of life's nasty surprises, such as a car accident, or huge medical bills. <BR/><BR/>We need better emergency provisions for these people. <BR/><BR/>But I have no sympathy for the "victims" who signed suicide mortgages and bought what they could clearly see they couldn't afford. This group includes many well-educated people, and others with relatively high incomes. <BR/><BR/>Why should we bail out people who are better off that we are? Does anyone NEED a $500K house?The North Coasthttps://www.blogger.com/profile/14292115710427172625noreply@blogger.comtag:blogger.com,1999:blog-906854738305262612.post-86700517548914149682007-08-26T15:51:00.000-05:002007-08-26T15:51:00.000-05:00Anybody who got an adjustable rate mortgage, an in...Anybody who got an adjustable rate mortgage, an interest-only, bought property thinking they could flip it, bought more house than they can afford, and anything else that was irresponsible deserve no bailout. If anything, there should be a stupidity tax and they should pay it.<BR/><BR/>Now I would feel sorry for someone in foreclosure if they were hit in a car accident or had a lot of medical bills, etc., but not because of all of the recent blind stupid greed.KittyBowTie1https://www.blogger.com/profile/04728295199868918186noreply@blogger.com