Mass Moment

The Liberals are at it again in MA. . . they are protesting foreclosures in MA. They want to have the government make it so the banks can’t foreclose on folks that took out loans they can’t afford. They got one a 30 day reprieve on her foreclosure on a condo that she has not paid the mortgage on for NINE MONTHS. . . . She had a sub-prime loan and blames messed up electricity and gas meters in the condo on bills that were too high and made her miss mortgage payments. She lives with her sister and sisters daughter and they don’t say if they help pay the rend (or not as the case may be)

Sounds good right? Everyone gets to keep their houses. Well, what will these folks say when the banks go broke? The money the banks loan is the same money you and I put in there in our checking and savings accounts. . . If banks don’t get paid back on the loans they make then families loose there life savings that are in those banks that fail, and the other banks stop lending money so no one else can buy a house or anything else. . .

But the idiots will tell you the banks are insured. . . ya, by the Fed so every bank it has to bail out gets paid for with Federal money. . . . guess where they get that? You and Me folks. . . They don’t have enough to cover things if everyone defaults on their loans so they will have to take tax money to pay it off. . . . . so we will be paying for all the houses that folks think they deserve but can’t afford to pay for. This is the liberal/communist way of thinking. . . man we are in deep crap if they get into the White House folks. . . .

This is going to hurt, but do we let it hurt those who bought houses they should not have based on loans anyone would know they can’t afford, or do we all take the hit and all go down?

Things are bad, but I don’t see why I should pay off your mortgage when I have my own mortgage that I made sure was fixed rate and that I could pay every month. Sure it is a lot harder now with the gas prices and everything else going up but that is life. Deal with it. You knew up front what the monthly payment would be and if you didn’t plan for it then that is your failure, you pay the price. The banks also get punished for giving you a loan that they know was high risk by having to deal with selling your house to get their money back so they can put it back in your savings account and mine where they got it from. I just hope we all learn something from this pain.