that's bullcrap! but typical American way - Page 2 - Pensacola Fishing Forum

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Old 01-08-2011, 01:27 AM   #11
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Grouper
 
Join Date: Aug 2010
Location: Pensacola, Fl
Posts: 628
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I believe that housing can made affordable if they would regulate the interest and fees being charged from these banks. I also believe people went out and purchased property after the hurricane thinking they were going to turn a quick and sizable profit when housing was hard to find. they paid over price and got stuck with property that they cant unload even to break even so they just defaulted because they extended themselves and I am pretty sure it wasn't people of low income either. I think its easier to lay the blame at the feet of lower income family then the truth that a lot of our problems also stem from poor business decisions as well. Im not saying some people didn't over extend themselves but it just isnt in the low income areas either. I think its easier to just blame the poor than admit that we are picking up the bill as well for bad business decisions as well but there is no politician ever going to admit that. I find it funny that people who do have the money to afford are the first ones to complain about how their tax dollars for us poor people going over our head in buying a home but yet they don't seem to understand that everybody tax dollars was used in these bailouts that took place from fanny to wall street but yet we gain nothing from them. the people money was used for the bailouts in the auto industrial and if you walked in the door and said you wanted to use you share in stock from the bail out, you would be laughed out the door. your very government claim it was our stock bur to this day, I haven't received stock paperwork. we just got our money used and was used and it will continue as usual. they could have used the money from their kick backs and under the table deals to bail out without using one penny of our tax dollars. it was all just another line of political B.S from all sides of government.
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