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Reply #12: difference is, reward Wall Street for the bad loans, or help the people. [View All]

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boston bean

(1000+ posts) Send PM | Profile | Ignore

Sun Oct-23-11 12:12 PM
Response to Reply #11

12. difference is, reward Wall Street for the bad loans, or help the people.

Which side are you on?

There are many more people who bought in good faith, and were not house flippers.

And until you do the math and calculations, you cannot say which would cost more, the cost of defaulted loans or those who just need to be re-negotiated.

to be honest with you, I could really care less if a house flipper got a low interest rate and then flipped their house. Why is it so important to you.

They still would have paid interest.

I don't agree that most people were out to scam the system. You do. whatever.

I think the banks did most of the scamming.

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