Plebeians, knee jerk reactions, and why iReport pisses me off.
Here are some excerpts from an iReport article about the bailout. Keep in mind, this is on the front page at CNN, it isn't some crap I went looking for. This is breaking news, apparently.
leisa: "I am so angry about this bailout. What about all the people who are losing their homes with foreclosures? What about us? We were advised to invest in real estate nearly two years ago. We bought three rentals using up all of our HELOC (home equity line of credit). Through two evictions, horrible renters and losses, and trying to make the mortgage payments we used $200,000 of our own. Now the prices of the houses have dropped so low that we are probably going to foreclose on all three homes, BUT the banks will make their money back through the sales. WE, however, now will probably foreclose on our own home because we can't make the payments on it plus our line of credit."
-- The basic idea of this BBOT is, "We used every dime we could get out of our home equity to buy 3 rental homes, and we got bad rentals, and now we're gonna loose everything, and it isn't in the least our fault. Why aren't we getting a bail out?" Fuck you, lady. You gamboled a poor business decision and used your house as the ante. Game over.
coteric of Columbia, Maryland: "The fact is, most of those politicians (I would bet all of them), have personal ties to AIG, Fannie Mae, etc. If these companies go down they lose campaign money, even personal money. EVERY SINGLE politician has there hand in some CEO's company. This is all they care about."
--Yes, most sucessful people care about making money, and most politicians are sucessful people. What the fuck happened to our society that made people decide this is a crime? Also, if the best you can do for fact-checking prior to forming an opinion is "most (I bet all)" you should saw open your head, remove your brain, and try to find the flaws in your logic.
Gah. I can't keep going. Here's the link the the article. If any of you feel like blasting these guys for me, I'd appreciate it.
http://www.cnn.com/2008/POLITICS/09/26/bailout.outrage.irpt/index.html
leisa: "I am so angry about this bailout. What about all the people who are losing their homes with foreclosures? What about us? We were advised to invest in real estate nearly two years ago. We bought three rentals using up all of our HELOC (home equity line of credit). Through two evictions, horrible renters and losses, and trying to make the mortgage payments we used $200,000 of our own. Now the prices of the houses have dropped so low that we are probably going to foreclose on all three homes, BUT the banks will make their money back through the sales. WE, however, now will probably foreclose on our own home because we can't make the payments on it plus our line of credit."
-- The basic idea of this BBOT is, "We used every dime we could get out of our home equity to buy 3 rental homes, and we got bad rentals, and now we're gonna loose everything, and it isn't in the least our fault. Why aren't we getting a bail out?" Fuck you, lady. You gamboled a poor business decision and used your house as the ante. Game over.
coteric of Columbia, Maryland: "The fact is, most of those politicians (I would bet all of them), have personal ties to AIG, Fannie Mae, etc. If these companies go down they lose campaign money, even personal money. EVERY SINGLE politician has there hand in some CEO's company. This is all they care about."
--Yes, most sucessful people care about making money, and most politicians are sucessful people. What the fuck happened to our society that made people decide this is a crime? Also, if the best you can do for fact-checking prior to forming an opinion is "most (I bet all)" you should saw open your head, remove your brain, and try to find the flaws in your logic.
Gah. I can't keep going. Here's the link the the article. If any of you feel like blasting these guys for me, I'd appreciate it.
http://www.cnn.com/2008/POLITICS/09/26/bailout.outrage.irpt/index.html