It's ok for an average guy to be stupid and greedy. As a consequence those people didn't lose much money wise and went back to renting as what they probably did anyway before buying a house. It's not ok to be stupid and greedy for the government and banks. Their loss money wise is 10 times greater of what the ordinary home buyers lost ( maybe even more with all those 'No money down' pitches) and because of their greed and stupidity the entire financial system is about to collapse.
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Ben Stein Says 'Bailout' Is A Scam: Use Money To Bailout Homeowners Directly
- Thread starter ByLoSellHi
- Start date
It's ok for an average guy to be stupid and greedy. As a consequence those people didn't lose much money wise and went back to renting as what they probably did anyway before buying a house. It's not ok to be stupid and greedy for the government and banks. Their loss money wise is 10 times greater of what the ordinary home buyers lost ( maybe even more with all those 'No money down' pitches) and because of their greed and stupidity the entire financial system is about to collapse.
It's NOT "ok for an average guy to be stupid and greedy" because there are millions of average guys.
Do you think the obesity "epidemic" is McDonald's fault?
Do you think the obesity "epidemic" is McDonald's fault?
Quote from gkishot:
It's ok for an average guy to be stupid and greedy. As a consequence those people didn't lose much money wise and went back to renting as what they probably did anyway before buying a house. It's not ok to be stupid and greedy for the government and banks. Their loss money wise is 10 times greater of what the ordinary home buyers lost ( maybe even more with all those 'No money down' pitches) and because of their greed and stupidity the entire financial system is about to collapse.
Quote from Trader666:
It's NOT "ok for an average guy to be stupid and greedy" because there are millions of average guys.
Do you think the obesity "epidemic" is McDonald's fault?
Yes, McDonald sells it's junk food because it wants to get richer. People buy the junk food because they are hungry. And when people are hungry they think with their stomachs not brains.
Quote from Bob111:
that's right...you own to a government-you became government bitch, until you pay,what you own. the government can send you to oil fields,iraq,mines or whatever..that would be fine with me...pay your f*** debt and learn your lesson hard way..
maybe next time-you will think twice,when you buy 1M house with 50K salary
lol, 50k is not possible. 100k after taxes might be possible, but there will be no money for anything else.
to comofortably afford a million dollar home, you need to make atleast 250k. even that might not be enough if you want to save also.
Ben Stein earlier this year was saying everything was fundamentally sound, and that the market falls were just the work of bearish "speculators". Now 6 months later he suddenly thinks it was in fact real, and that the speculators he lambasted were right all along?
The guy needs to take a seriously dose of humility, and then work on getting his credibility back.
The guy needs to take a seriously dose of humility, and then work on getting his credibility back.
If you really believe that you're the sad victim of incorrect thought and need to be protected from yourself.
Quote from gkishot:
Yes, McDonald sells it's junk food because it wants to get richer. People buy the junk food because they are hungry. And when people are hungry they think with their stomachs not brains.