[quote=SellingMyHome]Why didn’t the government pay down our underwater house balances, that money could have gone to the banks. Instead, they gave the money straight to the banks to help pay for the paper losses caused by the badly packaged loans. Giving us the money would have been a win win situation, instead just the greedy banks win!
I’m starting to understand that a lot of people here must be investors or bankers.[/quote]
I was against the government giving money to the banks and I’m most certainly against the government giving money to people to pay their mortgages, many who behaved JUST AS RECKLESSLY as the banks.
I’m not an investor or banker…I’m a taxpayer…and a home owner that didn’t buy more house than I could afford with a risky loan. I haven’t taken money out of my house and I’m not up to my eyeballs in credit card or any other debt used to purchase a lifestyle I think I deserve but cannot afford.
