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Extreme Stupidity: The Housing Bill Passes But No Tears For “Victims”

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Extreme Stupidity: The Housing Bill Passes But No Tears For “Victims” From Michelle Malkin: The housing crisis isn’t merely the result of “predatory lenders,” but of countless predatory borrowers and reckless homeowners as well who bought more home than they could afford and binged on home equity loans. Like this family that was on Extreme Makeover and are facing foreclosure. The AP is casting them as “victims.” They aren't “victims.” People who scrimped and saved and acted responsibly are the victims.

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lilkimbo lilkimbo 7 years
$
sarah_bellum sarah_bellum 7 years
:grinch: Indeed...
Great-Sommelier Great-Sommelier 7 years
"No one said they were to be pitied, but I doubt Malkin will be satisfied unless they are taken out and shot with bullets they are forced to buy." :grinch:
Great-Sommelier Great-Sommelier 7 years
let me add, if done correctly. If a company fails, it fails. It shouldn't be bailed out.
Great-Sommelier Great-Sommelier 7 years
"dollars and the number of businesses caught up in it, I'll save my moral outrage for the people who deregulated the financial industry and the greedy schmucks in the financial industry who went on this drunken spree." that isn't surprising. I however think that the deregulation of almost everything is a GREAT idea. Private sector is the answer.
Great-Sommelier Great-Sommelier 7 years
Here in the burbs, in my neighborhood alone, last summer there were 17 houses in a 4 block radius that were foreclosed. It was a new development and these people got in on adjustable rate mortgages. Then they were surprised when their payments doubled. It is the huge, me me, problem our country is facing. I want this but I don't have enough money, oh wait, I'll just get credit! DON'T SPEND MORE THAN YOU MAKE!!! It's really quite simple.
stephley stephley 7 years
Every story I've read about this family has included quotes from town officials and neighbors about how frustrated they are with them. No one said they were to be pitied, but I doubt Malkin will be satisfied unless they are taken out and shot with bullets they are forced to buy. But considering the scope of the housing crisis, the billions of dollars and the number of businesses caught up in it, I'll save my moral outrage for the people who deregulated the financial industry and the greedy schmucks in the financial industry who went on this drunken spree.
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