AND................she didn't put the blame on home buyers - she was trying to make sure WE'RE PAYING ATTENTION so this doesn't happen again. We were caught in a similar situation in the early 80's in Colorado - had a home mortgage loan at 14%!!!! Filed bankruptcy - but learned a lesson - not to get into debt we can't afford to reasonably pay back!!
Governor Palin did make a point about only incurring debt that we can reasonably afford to pay back ...buying a 300K house when we can only afford a 100K house..........taking the advice that our parents gave us before we got our first credit card... - NOT only putting "the blame" on the greedy money lenders (my words) If I'm always looking for outside sources to take care of me and/or fix my problems I'm in deep trouble. As a small business owner - we're taxed to the max - so pay attention to the small guy - not just the big corporations that everyone is so focused on.
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