This entry was posted on Thursday, December 6th, 2007 at 4:36 pm and is filed under Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
What would our founding fathers think of this?
While they’re at it, can they go ahead and reset the prices of some of the stocks I’ve bought in the past year?
- John
December 6th, 2007 at 5:39 pm
I’m interested to see how they are going to determine who can “afford” their mortgages after they reset.
December 6th, 2007 at 10:52 pm
Also interesting - they are really proposing a bailout for anyone who isn’t in the lowest income bracket - so it is not only not what we want to see happen, but it is helping people who need it the least. Falls into the category of “I like Mr. Market till he goes against me.”
December 7th, 2007 at 11:51 am
The most unfair part of it, is the people who signed for a fixed mortgage at a higher rate, are now paying more than the people who elected to go with the ARM teaser since the reset is gone. Is anyone giving them back all the extra interest they’ve paid for not being stupid?