We have lost our home - and I am sorry, but I think there should be some sort of punishment for those that made billions of dollars wagering on the fact that home buying Americans would not be able to pay for their homes. YES! You do know that a large part of what went wrong was the fact that our Government lifted laws that had been in place for 100 years that protected home owners. Rich people made bets to see how many middle class folks would loose their home! (They actually bought insurance policies that covered them when (not if) all of these sub-prime loans went to Hell in a hand basket)
Anyway... for those that say that "those people should have just paid their bills" WE DID! Our payment jumped from $813 a month to $1676.00 more than double after the first two years... by the 4th year we COULD not pay double what the original was..... We were told when we got the loan by our lender that refinancing would be easy in the third year... YEA RIGHT! WE tried and tried again...
Again, I say these billionaires that made money off the horrible misfortune of the American working people should be punished! HOW could they wagier on such a thing? Part of the punishment should be to help those that they hurt.... oh but I forget.... instead our Government is going to Bail out those that were handing out the insurance policies to these CREEPS! All the while they are spending hundreds of thousands of our tax dollars to bail out thugs that screwed us and then go on luxurious trips to the Galapogos Islands... It's all beyond me! CLASS ACTION lawsuit anyone???????????? - Mon Oct 27 2008, 12:22