I mostly agree about the idiot poloticians both party's. I also feel they are not the only ones to blame for the problems we face. The financial institutions and and the consumers have to take some responsabilty for this as well. When mortgages are given to people who can't afford them or getting approved for more than they can afford. Some of the finnancial companies were taking risk and had insurance on these bad loans and knew they could still get a profit for failed loans, while others just failed. The consumer should know as well what they can afford and not get caught up in what they are approved for. Now there are also people walking away from mortgages that can afford them, they are waliking away because there value has decreased. I can understand people being worried when there property looses value, but so doesn't a new car when you drive it off the lot, but we don't walk away from that cause now its worth thousands less than we owe. I do not own a house, but i hope to some day i just know i can't afford it right now. I know not all forclosures fall under these 2 examples, I know someone who lost there home because of medical problems.
I am done with my rant.
Those who say money can't buy happines haven't bought A VERSYS.
Last edited by glowcat13; 12-10-2010 at 10:03 PM.