Marion, with this whole mortgage mess and bailout plans upon us, I’m done being self-righteous.
It’s all business and it’s all dog-eat-dog from the top on down. If you can get away with it and don’t get caught then go for it.
Disgusting, I know, but it’s the new modus operandi that our leadership brought to us in the 21st century.
If you look at the big picture, what’s the significance of a renter saving a few thousand dollars that would have been squandered by an FB who gambled on appreciation? That renter might put the money to good use and provide for her family and become a future responsible homeowner.
What about the investors who gambled on high yield securities backed by junk mortgages? They just got billion dollar bailouts from the Fed.
