Let the banks fail, let the homes foreclose, and let the “free” market correct itself.
Any bank foolish enough to lend $500k on $40k income deserves to go out of business. Any home”owner” who uses an ARM because they can’t afford the full payment and plans to sell shouldn’t be buying a home, and any congressmen who want to help should have to do so out of their own pocket. That’s enough taxpayer money in itself.[/quote]
I could not agree more. The Fed has definitely fomented many of the problems of today with their meddling yesterday.
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