That Murray guy is a perfect example why the government should NOT do anything.
As you guys said, $1800/mo pamynet with a $90,000 income. That guy financed a lifestyle behind his above average income, and here’s his reply to facing reality:
“If they gave us that money, we’d be able to be out of this predicament,” he said.
What a joke? This guys want welfare for the relatively rich, financially reckless, and completely clueless.
Fortunately, I’m starting to think Bush’s plan is nothing but hot air:
Twenty-seven percent have already missed a payment, said First American LoanPerformance, which owns the largest database of U.S. mortgages. That makes them ineligible for the Federal Housing Administration bailout proposed last month by President George W. Bush.