Mister Eclectic (howeird) wrote,
Mister Eclectic

Who is To Blame?

I'm against the government giving money to Wall Street's greedy fat cats. But-

Anyone who bought a home on a balloon payment plan has only themselves to blame if the payments grew to exceed what they could afford to pay. They were gambling on future salary increases which in most cases were well beyond what could be reasonably expected. It has been decades since most people could expect more than a cost of living increase, and most real income has been flat or has declined.

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