The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: silenceddissenter who wrote (88851)	9/12/2007 8:06:13 AM
From: Think4Yourself	Read Replies (1) of 306849

Our government protects and rewards the incompetent and stupid. BOTH parties do it, just to different groups of people. As a result we are becoming a nation of incompetent sheep with highly specialized knowledge in whatever job we do (i.e. smart at work, dumb everywhere else). I am hoping against hope that the government does not bail out the stupid this time but am sure they will. It will most likely be a waiver of tax on the debt forgiveness. Ironic that the tax is the only thing that will really maim the jacka$$es that used zero down loans to severely over-leverage themselves. The speculators otherwise have no skin in the game. A 6 or 7 figure tax bill that they cannot escape through bankruptcy or moving to another state seems pretty fair to me.

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