coastalpirate

Golden Arches Safer Than Uncle Sam?

wyosteven

1) Everyone is being bailed out, the American public and corporation's ability to borrow is what is being bailed out. Maybe we should save instead of spending more than we will ever earn? The American public has been over using credit cards, home equity loans, and yes voluntarily signing mortgages (forced by Wall Street Muscle?). Negative savings rate end like this.

2) Bailout for who?? Who didn't understand "variable rate" or "adjustable rate" would mean that your mortgage interest would go up. I guess we should be proud of the Trillions we spend on education. My poor Grandfather who was a factory worker had the intelligence not to over borrow and use a fixed rate mortgage. Today most people don't have any financial sense at all. Buy big screen TVs, I phones and Playstations when you have no money. Brilliant.