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The Watercooler
Bailout effects
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<blockquote data-quote="slsh" data-source="post: 198839" data-attributes="member: 8"><p>bby - I'm so terribly sorry. Goodness ... honey, tell your husband that there aren't a whole lot of folks who could deal with that kind of mortgage and no way is he (or you) a failure or dumb. I'm usually a pretty pessismistic person and while things do look bleak right now, I believe wholeheartedly that this is just another stage in our ecomony that will rebound in time.</p><p> </p><p>I do want to clarify something - I do *not* blame the folks who took out the ARMs, I blame banks who were so anxious to give out loans they did so without (in my humble opinion) fully explaining in plain language what would be coming up in the future. I have to question the integrity of these institutions, you know? I truly feel horrible for folks who are stuck with these debts now. There but for the grace....</p></blockquote><p></p>
[QUOTE="slsh, post: 198839, member: 8"] bby - I'm so terribly sorry. Goodness ... honey, tell your husband that there aren't a whole lot of folks who could deal with that kind of mortgage and no way is he (or you) a failure or dumb. I'm usually a pretty pessismistic person and while things do look bleak right now, I believe wholeheartedly that this is just another stage in our ecomony that will rebound in time. I do want to clarify something - I do *not* blame the folks who took out the ARMs, I blame banks who were so anxious to give out loans they did so without (in my humble opinion) fully explaining in plain language what would be coming up in the future. I have to question the integrity of these institutions, you know? I truly feel horrible for folks who are stuck with these debts now. There but for the grace.... [/QUOTE]
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