Tuesday, September 11, 2007
Mortgage Bailout?
If an individual is naive enough to live beyond their means, does not conceive of the concept of debt, repayment, perhaps cannot take the time to read and understand....what sense is it to allow non-repayment of their debts?
Have they not enjoyed living in a house rather than renting one, or renting an apartment? Or churning several houses?
Think about the lower interest they paid for the past ten years, especially when compared to persons who took out a fixed rate mortgage.
If the government is to forgive the debt of those with less sense or non-sense, it must likewise award those borrowers who are now not burdening the government with their debt and stupidity, by giving those with fixed rate mortgages a rebate.
Or, Mister Gov'ment man, stay the hell out of it. It’s sort of a Darwin thing.
Have they not enjoyed living in a house rather than renting one, or renting an apartment? Or churning several houses?
Think about the lower interest they paid for the past ten years, especially when compared to persons who took out a fixed rate mortgage.
If the government is to forgive the debt of those with less sense or non-sense, it must likewise award those borrowers who are now not burdening the government with their debt and stupidity, by giving those with fixed rate mortgages a rebate.
Or, Mister Gov'ment man, stay the hell out of it. It’s sort of a Darwin thing.
# posted by F X @ 1:22 PM 
