[aldtech]

Quote:

Originally Posted by Chuckiechan

I will say this: Congress made this mess over the last 20 years and lots of middle class and lower people have benefited from it by getting into homes and doing just fine. I'd hate to see that conservative ideal abandoned. It can be saved with higher mortgage insurance premiums. I hope they go there.

I'm not quite sure I understand what you are advocating here. Are you saying that any expense made in attempt to bail out or prop up the "mortgage industry" as you put it, should be passed along to the people in the form of increased mortgage insurance premiums? Don't you think that would be a little bit overwhelming to the people such as myself who are just barely hanging on. I think such an action would just increase the amount of defaults on mortgages and exasperate the problem even more.

It is very hard to get an accurate read on some of you "conservatives" who advocate letting the banks fail in order to allow for a market/banking correction (would it be fair to say economic as well?) which is something the majority of people (according to some polls) are in agreement with. And yet I can't get past the feeling of contempt some of you have that is clearly displayed by your lack of compassion for the little people who are and continue to pay the price in mortgage defaults and bankruptcy while the corporate class walks away with their finances intact.

/al