Personal responsibility is becoming an anachronism these days in the United States. The irony is that these kids are too naive to understand that they're going to live with all that debt a lot longer than we will.
Screw bailing these people out. They need to be beaten. How is this sort of retardation permitted to exist in modern society?
yeah, LA is filled with smart people.... OK, riddle me this sparky, who is the bigger moron, the one who took the loan or the fucker who gave it? Either way, for decades we have been living in a system I call "fuckism" 'cause we sure as hell did not have capitalism for quite sometime. I route the big businesses to fail and let room for the smaller more agile ones and start anew. I loath to see good money being thrown after bad but I guess this is inevitable. Fuckism is at least DEAD now.....
They're both idiots and don't deserve a penny out of my taxes. No one should be arguing about who is the greater idiot -- they should be arguing about how to protect the non-idiots from the idiots. The fact that retards are outbreeding smart people in a democracy means that the government, over the long haul, will move more and more towards protecting thieves and idiots. It truly is time for a revolt.
Everyone wants to get on places like ET and scream and show how smart they are, but what are you willing to do; how far are you willing to go, to change the USA? (For whoever wants to answer.)
let homeowners go bk, which well lower asset prices let banks go bk which will lower asset prices tight regulation on creation of bank credit assets will inline with wages untill deregulation and the next bubble of course