The Banks did what they were allowed to do, I don't agree with bailing them out. Then stupid people shouldn't have taken loans they KNEW they couldn't afford. I hear a cry against speculators on Wall Street, didn't these home buyers speculate in most cases? Ahhhh YES they did.

Do you remember the changes made to the Bankruptcy Laws a few years ago? I saw what was about to happen and so did ALL of the Government and the Banks. We're being taken for a ride.

You take a loan, you pay it! NO excuses. Everything is there in the Contract for you to read.

How about we bailout the Banks for all the people who can't afford their car loans too? You down with that? People LIE everyday to get what they want and most don't give a (*)(*)(*)(*) who has to pay more for their BS choices.

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"The only title superior to President of the United States of America is Citizen."

Did you know the word "gullible" isn't in the dictionary?

Um okay I see I hit a vein there. I never said that the Government should bail anyone out or that people weren't stupid for taking loans they couldn't afford so don't scream at me.

Ultimately as far as responsibility is concerned I think there is plenty to go around, but would put the banks at the top. After all they had the resources and IQ to know better and it was them who haphazardly loaned the money out.

Perhaps such stupidity should be expected of public school graduates as you so eloquently put it, but then again the college students at Fannie Mae couldn't do the math either now could they?

If morons stupidly take out loans they can't repay, let them suffer for their mistakes. It's called learning. If you touch a hot stove, you get burned, and then you don't touch hot stoves anymore. The problem is when people who are not morons, and do not stupidly take out loans they cannot repay, get screwed by the morons. The government should only get involved to the extent they protect non-idiots from idiots, letting the idiots hurt only themselves.

If the system extradites punishment upon error, the nation will stop developing as nature intended, to the nation's grave detriment.

The whole liberal/conservative argument is about as off-target as burning witches.

I'm not yelling.

The head of the FDIC only has a Bachelors Degree, what should we expect from banks hiring writers for the paper they pushed? I know few that picked up home loans thinking that the economy would continue to grow. Why did they think that? Partially from not learning in school what was driving the economy in the first place. Then every loan had a price to pay(fees) and realtors and brokers made their little skim off this scam too. So did the appraisers.

For me it comes down to personal responsibility. You sign the line, you pay the freight. I'm just sick and tired of working as hard as I have to continue bailing less than honorable people, be it Banks, Government, Illegal Aliens, other peoples children or idiots who take loans they couldn't afford.

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"The only title superior to President of the United States of America is Citizen."

Did you know the word "gullible" isn't in the dictionary?

Fair enough, but keep in mind when you put words in all capitals that IS yelling.

I still don't see how your posts contradicts a single thing I said regarding the banks though. The sub-prime loans were just a stupid business strategy.

Newsflash to the ADD society of the US:

Bush is currently spending BILLIONS on the war in Iraq.

Texas was just hit by Hurricane Ike, so aid money is currently towards reconstruction as well as to the victims of Hurricane Katrina, because that problem has not been fixed yet as well.

During the early 2000s, when the housing market was booming, people began buying houses to see if they could become richer off of this gamble. Many did this, including some of my relatives, and this gamble backfired. This is not the sole cause of the housing crisis, but it is a major one, as too many people tried to get rich fast by taking loans.

The US is currently handling terrorist attacks in Afghanistan, as well as in Pakistan.

The US is currently aiding Georgia to stop a complete Russian takeover.

Gas prices in America are still at high rates, which is causing a major drain on the wallets of many.

Businesses are losing money as China continues to recall products that have been manufactured in such a way that they are detrimental to the health of the consumers.



AND THESE ARE MERELY A FEW OF THE MANY CONDITIONS AND CAUSES BEHIND THE CURRENT ECONOMIC CRISIS. THERE IS NO SINGLE CAUSE.

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When mankind has a question, nature usually has an answer.

Dig deeper rodog, who changed the rules and why? When you get the answer you'll understand where I stand on this issue.

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"The only title superior to President of the United States of America is Citizen."

Did you know the word "gullible" isn't in the dictionary?

I feel that I must answer for rodog here. Bush changed the rules on how the money that the taxpayers pay is being spent, and that has made all of the difference.

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When mankind has a question, nature usually has an answer.

Go back and read my links. If you're this blind this will happen again and only worse. Keep blaming the other side and your an ignorant SOB. See what both sides are doing and you will become enlightened.

__________________
"The only title superior to President of the United States of America is Citizen."

Did you know the word "gullible" isn't in the dictionary?