“This thread is pathetic and symbolic of the overall feel of this blog. What are your real motivations for stopping foreclosures?”
First of all that post is coming from a very myopic view IMO. Are you familiar with the term “Moral Hazard”? Chris, this housing bubble has created a huge mess to the point of literally putting the global financial system at risk of collapse. If we bail people out of this debacle…what prevents them from engaging in this behavior in the future. The concept of risk must be returned to this asset class from the buyer to the lender to the hedge fund for it to ever recover.
“Rooting against my fellow americans is just not something I care to do.”
That is a pathetic thing to say. Especially in the face of a financial crisis that is putting all Americans at risk. All people want is some form of fiscal responsiblity to return to the great American pasttime of home ownership.
