I have no sympathy for homeowners who took out mortgages they couldn’t pay for. In the past few years there have been low mortgage rates of less than 5 percent. People simply bought what they’d LIKE to live in, not what size home they could afford. If they thought the low ARMS would continue — well, haven’t they heard of “no free lunch”?

Others (grabbers all) took out loans against homes to buy luxury toys or travel to exotic destinations. We, the people, should not pay ANYTHING, to bail out either greedy banks or homeowners. Let our voices be heard in Congress, national newspapers, etc.

MOIRA COLLIER
Montrose

This entry was posted on Friday, March 7th, 2008 at 6:20 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.