The Cellar - View Single Post - Sub-prime Bail Out

TheMercenary · 11-06-2007, 04:41 PM

I just don't buy the idea that we need a taxpayer bail out for many of these people or lenders. The lenders need to fold and get out of the business, the people who bit off more than they could chew should pay up. Anyone with any sense would avoid ARM's like the plague. Sure there are some people who need a bit of help or let them reapply, but don't just drop their rates to 5% out of the blue, that is not fair to people who have a fixed rate percent.

11-06-2007, 04:41 PM	#14
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	I just don't buy the idea that we need a taxpayer bail out for many of these people or lenders. The lenders need to fold and get out of the business, the people who bit off more than they could chew should pay up. Anyone with any sense would avoid ARM's like the plague. Sure there are some people who need a bit of help or let them reapply, but don't just drop their rates to 5% out of the blue, that is not fair to people who have a fixed rate percent. __________________ Anyone but the this most fuked up President in History in 2012!