Joe Mobile

There's Just No Need For A Fed Cut

BTW - Todd and avkillick, I have no interest in paying for your sorry @$$es when you retire (don't tell me you won't need Medicare), but such is life. Maybe you should run for office and save our socialist society. And you're OK spending our billions in tax $ on a meaningless war, but helping out American homeowners caught in the speculative wave isn't worth it? Just checking...

There's Just No Need For A Fed Cut

You guys are horribly callous. Some people became brand new homeowners at the height of the bubble. Many started families and needed a place to live. Do you think they took ARMs so they could leverage up and flip the house for a profit? No. In many cases (especially LA and SF) they had to stretch that far to get a decent home in a decent neighborhood for their family. Nothing irresponsible in that. The lenders are a different story...