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'The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard'...
Calls for new 'tea party'
...reward people that can carry the water, instead of drink the water...
...how about we all stop paying our mortgage, its a moral hazzard...
Originally posted by jtma508
Like phushion said. This isn't about bailing out people who bought houses they can't afford. The ENTIRE subprime mess (that some neanderthals believe is the cause of this whole mess) totals around $75B. That's it. Nothing to sneeze at to be sure but not even a pimple on the butt of the Wall Street bailout.
Lots of people who have owned their homes for a long while have been laid-off, their investments have shrunk to nothing, their home equity credit lines have been frozen and they are at-risk of losing their homes. This CNBC bloated buffoon wants to cry 'moral hazzard' because now these folks can't sell and will lose their homes? They should have 'known' 10yrs ago when they bought it that the entire economy would melt down? What a crock of dog soft-serve.
How about the government did nothing and Morgan Stanley, Goldman Sachs, Lehman, AIG and all the others just defaulted and went belly-up? Hundreds-of-billions in credit default swaps are just allowed to default. That video would be a solid black square. None of those a'holes would even be there to make their 'let-them-eat-cake' comments.
Originally posted by marg6043
reply to post by johnny2127
Just one question, does anybody have any clips of where was CNBC While the Bush administration and congress were robbing the tax payer to pay for the wealthy elite banking system/
Were is the outrage on that one, it seems that We the people were also very upset about a bill that didn't do a darn thing for US the people but the media including CNBC had their heads so up the butts of corporate America to even care.
They need to shut up and go to hell.
Originally posted by marg6043
johnny2127, where do you think the money for the bail out of the nation, the cash infusions of the fed in 2007 and 2008 and the economical stimulus comes from?
It doesn't come from money growing trees it comes from the tax payer in the nation.
that tax payer in the nation is getting narrowed by the day, with job loses, unemployment, outsourcing, insourcing.
We will only pay for the interest that this money that the nation doesn't have will produce, depending how willing are our lenders the foreign nations to do the lending.
Families are losing homes they are finding themselves in tent cities.
Properties in the millions are starting to be vacant, this properties do not generate income to the states in property taxes, states are finding themselves with less taxable income to survive and pay for state sponsored programs.
Our government bailed out first the banking system and now has to bail out the common American citizens and the money, tax payer money is been illegally and unconstitutionally used for this.
At least is about time that something is going to help those that pay the taxes in the nation.