02-20-2009, 05:29 AM
I actually do think many of those who will get help, shouldn't be getting it. There are others who recognize the same circumstances surrounding a lot of foreclosures:
http://www.sfgate.com/cgi-bin/article.cg...160C69.DTL
Although, she doesn't think there's anything necessarily wrong with spending all the equity you have in your house.
You know, if this whole thing doesn't end up hurting a lot of people who've done everything right over the years, I guess I don't care that much. But I really think it's going to, and it makes me mad. I've said it several times, but I think the people in trouble spent all their money, spent all the money they could borrow, and are now finding ways to tap into those who refused to play the same games. I've seen this occur with friends and family, acquaintances from other states, in the newspaper, in magazine articles--every source of knowledge available to me. I care about them, but they haven't been living a reasonable existence, and we need to quit fooling ourselves into thinking it can continue. kj.
http://www.sfgate.com/cgi-bin/article.cg...160C69.DTL
Although, she doesn't think there's anything necessarily wrong with spending all the equity you have in your house.
You know, if this whole thing doesn't end up hurting a lot of people who've done everything right over the years, I guess I don't care that much. But I really think it's going to, and it makes me mad. I've said it several times, but I think the people in trouble spent all their money, spent all the money they could borrow, and are now finding ways to tap into those who refused to play the same games. I've seen this occur with friends and family, acquaintances from other states, in the newspaper, in magazine articles--every source of knowledge available to me. I care about them, but they haven't been living a reasonable existence, and we need to quit fooling ourselves into thinking it can continue. kj.