lenny doe

Wells Fargo Can Hack Its Writedowns - Can Citi and JPMorgan?

Great Article! I understand the Paulson/Bush proposal is being done for political reasons rather than really trying to help the troubled homeowners, but that just seems to make it worse in my mind.

If this passes, I will be punished for being a prudent borrower in 2005 who took on fixed rate loans (knowing that rates we likely to continue increasing) rather than ARMs. The only thing people are going to learn from this scam is "Don't Worry, the Government Will Bail You Out". People who took risks need to pay the price...like you said "hand over the keys"...