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Re: Bailout!
By:BR
Date: 9/25/08 4:23pm
In Response To: Bailout! (Jenny Shreve)

Privatize profits and socialize losses....is their wish....

My only concern is that 5 years ago when I did permanant financing on my new house I took a fixed rate at 5 1/4%...They offerd me a 3% ARM for about $300/ month less payment....It would have been at about 8% interest now and 300 a month more than I pay right now....I did the math and made the right decision.....If buyers that did not do the math and took these bogus ARM loans get money then I want money too...Why reward people for bad decisions...I agree that we should hang the CEOs that posted bogus numbers to max out bonus payouts but these folks that got in to these ARMs will learn an expensive lesson....or give me $300 a month for the last 5 years...

Messages In This Thread

Bailout! -- Jenny Shreve -- 9/25/08 3:37pm
Re: Bailout! -- Jenny Shreve -- 9/26/08 10:12am
Re: Bailout! -- lanetop -- 9/25/08 9:41pm
Re: Bailout! -- BR -- 9/25/08 4:23pm
Re: Bailout! -- Roger -- 9/25/08 4:28pm
Re: Bailout! -- BR -- 9/26/08 9:19am
Re: Bailout! -- Roger -- 9/26/08 2:16pm
Re: Bailout! -- ray -- 9/26/08 3:32pm
Re: Bailout! -- Roger -- 9/26/08 4:04pm
Re: Bailout! -- ray -- 9/26/08 8:51pm
Re: Bailout! -- ray -- 9/26/08 8:48pm
Re: Bailout! -- Roger -- 9/25/08 3:49pm
now it's called a "crisis" -- Papi -- 9/26/08 10:18am
Re: now it's called a "crisis" -- Roger -- 9/26/08 2:26pm
I vote no bailout (like it matters) *NM* -- Col. Andy & "Wildcat" Pam -- 9/25/08 6:25pm