Comments on: Wall Street Has a Hangover http://www.talesfromthetracks.com/2008/09/30/wall-street-has-a-hangover/ Wed, 09 Nov 2011 17:10:24 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: Web-Betty http://www.talesfromthetracks.com/2008/09/30/wall-street-has-a-hangover/#comment-1164 Web-Betty Wed, 01 Oct 2008 02:12:32 +0000 http://www.talesfromthetracks.com/?p=118#comment-1164 I love coming to your blog! You are so insightful and witty. Thanks for always eloquently blogging what I'm thinking! I love coming to your blog! You are so insightful and witty. Thanks for always eloquently blogging what I’m thinking!

]]> By: Lindsay http://www.talesfromthetracks.com/2008/09/30/wall-street-has-a-hangover/#comment-1160 Lindsay Tue, 30 Sep 2008 23:17:46 +0000 http://www.talesfromthetracks.com/?p=118#comment-1160 I do not support a bailout, period. Why should those of us who have been responsible have to pay for the actions of predatory lenders and those who should've never taken those loans in the first place? I gambled on a 7yr balloon loan at the time of purchase (knowing full and well what I was doing) and promptly refi'd into a 30yr fixed at 5.25% when rates came down, thus covering my ass. You know that I'm a social liberal, but as a fiscal conservative, it pisses me off to think that I have to help bail a bunch of people out who made poor decisions. And if there is some form of a bailout, I think those who took advantage of the subprime lending should have to face some sort of consequence. Just my $0.02 to add to the $700 billion. I do not support a bailout, period. Why should those of us who have been responsible have to pay for the actions of predatory lenders and those who should’ve never taken those loans in the first place? I gambled on a 7yr balloon loan at the time of purchase (knowing full and well what I was doing) and promptly refi’d into a 30yr fixed at 5.25% when rates came down, thus covering my ass.

You know that I’m a social liberal, but as a fiscal conservative, it pisses me off to think that I have to help bail a bunch of people out who made poor decisions. And if there is some form of a bailout, I think those who took advantage of the subprime lending should have to face some sort of consequence. Just my $0.02 to add to the $700 billion.

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