Re: Home Foreclosures: Crisis Is Only Getting Deeper, conservatives

On May 15, 9:57 pm, 2Penny <lw_rog...@[EMAIL PROTECTED]
> wrote:
>      This is a lot of CRAP.  Anyone ever heard of an "amortization
table"?
>      They've existed for a LONG, LONG time and you could look up how
>      large a loan you wanted and the interest rate and the time period
>      of the loan and you could quickly figure up your monthly payments.
>      I was looking at homes in California and finding out what I'd have
>      to pay each month.  It was more than what I made.  People at the
>      bank wanted me to sign up for a loan and _I_KNEW_ there was
something
>      wrong and I'm still renting.  When housing comes back closer to
>      what can be justified by an amortization table, I'm in, but not
>      until then.
>
>      As for taxpayer paid for bailouts, why should I be billed for
someone
>      else's intemperance/idiocy.  Why can't I be rewarded for my sanity
>      and self control?  Why should I be penalized (by way of the IRS)
>      for being cautious?
>
   Because it is popular.

   Not that that is a GOOD reason.


 Michael