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Showing posts with label mortgage bailouts. Show all posts
Showing posts with label mortgage bailouts. Show all posts

Saturday, March 07, 2009

Blood-Sucking Leeches

This is not for those who obtained a mortgage in good faith, knowing that they had the means at the time to make the monthly payments.

And let's not forget that the overwhelming majority of Americans are still paying off their mortgages on a monthly basis, just as always, even in this economic downturn.

But to those who fall into a different category, listen up.

If you obtained a mortgage knowing full well that you would not be able, in the long run, to afford to pay back the money you borrowed, and now you are expecting a government bailout, you are nothing more than a blood-sucking leech.

Why should I as a taxpayer have to pay for your mortgage just because you can't?

And get this. A study was recently conducted which shows that those who got into trouble a few months ago with their mortgage lenders and worked out a reduced interest rate and payment deal are now in trouble once again. Many of these are seeking yet another 'deal.'

Where does it end?

Personally, I don't want a bunch of blood-sucking leeches all over me, and I don't think most you do, either.