toobad41

Why It's Better to Bail Out Borrowers than Banks

I am sure borrowers would like that senario...like the California migrant worker making $14,000 a year was able to purchase a home worth $770,000. Maybe he would like to get back the money he did put up for an equity.

Don't Blame Mark-to-Market for This Crisis

I take it you're mad as hell and can't take it any more. Vent your frustration with your congressman if you think it will help. Unfortunately, that won't work. There may be a few in congress that are concerned and may take action but only if it will help them keep their job. The only thing most of them are concerned about are their earmarks (pork) that they put into a bill and get passed. Everything else is irrelevant to their success. Who really cares about MTM? Greed and corruption are the rule not the rules of accounting.

The Economy, And Why It's Taking So Long to Fix It

I've been sitting on the sidelines throughout this current crises. Just kind of watching this thing play out. That is what a retired person does. I own my two homes, a hybrid car and pickup. All this paid for. My generation and generations that came before me know the value of money. We saved for retirement, for that rainy day. The rainy day has come and I am singing in it. I really do feel sorry for those that have gotten caught up in this mess. You learn a lot from experience even if it is painful.