Jets Insider.com Forums - View Single Post - How Will the US Stock Markets Do Tomorrow?

jetstream23 · 10-11-2008, 07:43 AM

[QUOTE=PlumberKhan;2799092]You know what...nevermind.

I agree. It's [B]all[/B] the fault of the stinking, filthy sub-human poor. I totally agree.[/QUOTE]

If you said partially, I'd agree. :rolleyes: Because, this thing is too big of a catastrophe to be blamed solely on the rich, the poor, the government or the private sector. All are to blame. If you want to determine who gets assigned the 21%, 34%, 27% and 18% blame, be my guest.

Not being able to afford a house doesn't mean you're poor. Thousands of morons with decent jobs stepped into $400K houses with adjustable rate mortgages and no money down. When the monthly payment went to $3200 they walked away or are being foreclosed upon. Who do you blame for that?

It's about personal responsibility of ALL involved. Politicians will NEVER EVER say this but, a big part of the housing problem is the homeowners themselves. But, do you think someone running for office is going to say, "the Wall Street CEO who took a big bonus before his company failed is just as guilty as the homeowner who took out a 100% mortgage and then stopped paying his mortgage and walked away from his house leaving banks and taxpayers holding the bag"? It's the homeowner who bought much more crap than he can afford who becomes the hypocrite when he yells about governments overspending and banks that took on too much risk and now need a bailout.

10-11-2008, 07:43 AM	#44
jetstream23 recovering from turf toe Jets Insider VIP Join Date: Dec 2005 Location: Phoenix, AZ (New Jets Stadium Section 246) Posts: 31,730	[QUOTE=PlumberKhan;2799092]You know what...nevermind. I agree. It's [B]all[/B] the fault of the stinking, filthy sub-human poor. I totally agree.[/QUOTE] If you said partially, I'd agree. :rolleyes: Because, this thing is too big of a catastrophe to be blamed solely on the rich, the poor, the government or the private sector. All are to blame. If you want to determine who gets assigned the 21%, 34%, 27% and 18% blame, be my guest. Not being able to afford a house doesn't mean you're poor. Thousands of morons with decent jobs stepped into $400K houses with adjustable rate mortgages and no money down. When the monthly payment went to $3200 they walked away or are being foreclosed upon. Who do you blame for that? It's about personal responsibility of ALL involved. Politicians will NEVER EVER say this but, a big part of the housing problem is the homeowners themselves. But, do you think someone running for office is going to say, "the Wall Street CEO who took a big bonus before his company failed is just as guilty as the homeowner who took out a 100% mortgage and then stopped paying his mortgage and walked away from his house leaving banks and taxpayers holding the bag"? It's the homeowner who bought much more crap than he can afford who becomes the hypocrite when he yells about governments overspending and banks that took on too much risk and now need a bailout. Last edited by jetstream23; 10-11-2008 at 07:53 AM.