“This is a pretty responsible guy rather than someone who lived off his house like an atm. ”
Does it really matter….being responsible is also a relative term. Basically, his 200K divorce got funded through taxpayers money.
As a renter, I feel sick about this, will a bank give me a 2% rate even with an excellent credit score, so that I can purchase a house well beyond my means and keep my payments to 31% of my gross. No, of course not…
We as a society will collectively pay (are paying) for these bailouts, trust me as these things go on and unemployment doesn’t improve, there will some kind of social unrest in this country as a ceratin section of people keep getting bailed out….
In fact, I myself wouldn’t mind taking to the streets to protest the fact that my tax payer money is being spent to keep losers in their expensive homes.
