Here’s my Thursday WTF…
You all know I love the baglady.com, although I know for sure shes no bag lady. Check out her take on the so-called mortgage freeze…
The Indentured
(this is most telling…)
The Angry
I would count myself amongst “The Angry” because I think the plan is unfair to most consumers and Americans in general. I don’t own a home, but I know many people who took out reasonable fixed rate loans at higher rates than these subprime borrowers, only to see irresponsible behavior rewarded.
I’m sorry I missed this one (I hope she’ll forgive me)- I am miles behind on my feeder! You guys, if you’re not reading this witty and intelligent blogger (who is not an agent) you’re really missing out.
I'm not sure there is a whole lot to be angry about. Helping out a few average folks to keep their home may send the wrong message. However, this society sends plenty or wrong signals. A $150 million payout to a CEO who lost $2billion a quarter for a bank on bad home loan transactions probably sends a worse signal than helping out a few strapped Americans who made some poor choices.
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