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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (103027)	2/1/2008 9:35:20 PM
From: Peter V	Read Replies (5) \| Respond to of 306849

But since the government is passing new and unprecedented legislation (well, maybe they did this back in the Depression ... say, will there be any parallels here?), can't the Government lift those restrictions on using bond funds for refinancing? I mean we have to save the poor subprime borrowers by strapping them to the backs of those of us who are actually paying for our homes, right? I'm gonna stop before I start frothing at the mouth and ranting, but I get mighty pissed when I think about how I did the prudent thing, stayed in the house whose payments I could afford, while these frickin' idiots got into houses they could not afford and took money they could not pay back, and now I have to pay for them to stay in those unaffordable houses! Yes the mortgage companies and Wall Street lured them in, making gobs 'o money on exotic (toxic) mortgages that were so popular, so why don't they pay? Oh that's right, they wrote down tons of crap, report huge losses, yet their stock is exploding upward like nothing happened. I better go home and have a drink before my head explodes.