You all know I love the baglady.com, although I know for sure shes no bag lady. Check out her take on the so-called mortgage freeze…
The Indentured
(this is most telling…)
The Angry
I would count myself amongst “The Angry” because I think the plan is unfair to most consumers and Americans in general. I don’t own a home, but I know many people who took out reasonable fixed rate loans at higher rates than these subprime borrowers, only to see irresponsible behavior rewarded.
I’m sorry I missed this one (I hope she’ll forgive me)– I am miles behind on my feeder! You guys, if you’re not reading this witty and intelligent blogger (who is not an agent) you’re really missing out.
Shailes Ghimire
December 14, 2007 at 10:15 am
I’m not sure there is a whole lot to be angry about. Helping out a few average folks to keep their home may send the wrong message. However, this society sends plenty or wrong signals. A $150 million payout to a CEO who lost $2billion a quarter for a bank on bad home loan transactions probably sends a worse signal than helping out a few strapped Americans who made some poor choices.