Quote:
Originally Posted by 1QWIKBIRD
I blame them, I blame those who run the companies and I blame any person who signed on a mortgage that was far beyond what they could afford. And I don't want to hear that people were misinformed or did not know the risks. What's the rule of thumb 28% or 3x your salary or something very close to those numbers. Not 300k on 70k salary coupled with massive credit card debt.
Stupidity abounds and sadly now it will cost us, the taxpayers and those who manage their financial resources in an appropriate manner to the tune of 700 billion +/-...
I wonder what kind of national healthcare plan 700 billion could get us?
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Very well put!! Foreclosures is thru the freakin' roof!