My vote would be YES, but not because I think the Govt. should bail people out. I vote YES because the homeowner is not solely to blame for this tragic economy. It is very important to understand that homeowners have been scammed as well. And until we come to a conclusive decision to work together to right this ship together, we will continue to sink.
I find it ironic that most of the people here are blaming the homeowners as the ones who caused this economic downfall. Although I do agree that many of the greedy type homeowners who purchased multiple homes and way above their means are faulty, not everyone falls into this category. In fact, there are many people who as stated in other posts are just trying to live life and better their families futures. Someone who purchased a single family dwelling to house their family CANNOT be blamed for this. Even if they purchased above their means, they still had to have someone approve their loan.
I am so tired of hearing people talk about how they managed to live within their means and survive this economic catastrophe. I am very glad that you did, please don't get me wrong, but stop kicking other people while they are down for making mistakes. Forgiveness and reconciliation of those who made mistakes MUST take place for our economy to recover. Anyone who thinks the homeowner is to blame for being allowed to have such aggressive loans needs help. And anyone who thinks letting them fail more will help, needs to get more education. Lack of education in this country is a major contributing factor to the way we all live, and our children and grand-children will really feel it in the years to come.
If you really listen to the media and hear what the so called experts who claim to know all have to say, they all state that GREED is the cause of this mess. Of course they don't say it directly like I am, but listen and hear for yourself and you can discern what they are saying. Money is not the problem, but the way in which we use money and desire money has caused this problem.
Short story behind my passion - My wife and I spent many, many years working for the same employer. Our reviews were at the top of our departments and we did our jobs very well. Because and I iterate BECAUSE of the current economic situation, our employer decided to downsize. I would like to mention also that our employer made a huge MISTAKE and decided to outsource work to other countries, which played a HUGE roll in our economic situation. They have since stopped doing that and realized their mistake. People are not talking much about this anymore, but outsourcing work has put a huge burden on the American worker.
As a result, we were both let go one week apart from each other, talk about devastation. And for those who say we should have seen that coming, you really need to clear the clutter out of your brains and HOPE it never happens to you. Other people with half or even less experience than us, were allowed to keep their jobs. Now since we can prove that our reviews were at the top of the department, by means of measurable goals, there is only one clear explanation for us getting let go, that would be MONEY. You see, since we had been there longer, it made sense to them to clear out those making more money and keep those people at a lower pay scale. Mind you, they won't say that, but then again, the loan providers don't admit they were greedy and conniving either. Wake up, it is so easy for an employer to find ways to let people go, if you think you are immune, you better think again.
And oh by the way, we were forced into signing a no suit document in order to get our severance, I wonder why that is, hmm. And we were very lucky to get a severance, we know that. Many people who have been let go did not. Had we not signed this no suit document, we would have forfeited our severance and we certainly would not have survived this long. I am sure their will be people who blame us for this as well, that is just the way people think these days. If you are not involved or being affected, then you think you are better than those hurting.
Because my wife and I went through some money management education "Dave Ramsey" training, we have been able to survive a very long time. But we started preparing for our future before the economic catastrophe. None the less, we still have had to deplete almost everything we had been saving, which was not our plan. But you know what, that is why we saved it, so we consider ourselves blessed. None the less, I am embarrassed at how I managed what God allowed me to have. I admit I could do better and I am trying to educate myself, so I can properly educate my children and grand-children down the road.
There are so many people out there willing to bash people when they make mistakes, but very few willing to reach a hand out (NOT UP), to educate them and prepare their way. I have so much more I could write, but I fear that it will only fall on deaf ears anyway, so I will just add a few more words of advice I was given.
Please, be quick to listen and slow to speak, and if you do have something to say, make sure you are helping the situation and not just speaking to be heard. There are a lot of people out there hurting, some justifiable and some not. Be careful when judging, as one day you might just end up on the wrong side of the argument. By the Grace of God I am going to educate myself and do everything I can to help those around me be better stewards of their money, minds and of their hearts.
Thanks for reading!!
Starting Score: EQ529 TU?
