Quote:
Originally Posted by Pleasurepays
you can't be upside down in a mortgage if you buy a property that's within your means to begin with!
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Yes you can. Being upside down has nothing to do with being able to afford the payments, it has to do with the value of the home.
Quote:
Originally Posted by Libertine
No, it wouldn't.
Because, you know... the economy wouldn't just reset. Numerous healthy companies would've gone bankrupt had the banks fallen. Tens of millions of people would have lost their jobs.
The result would have been complete chaos. And by chaos, I mean the violent kind.
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Exactly. That's the thing I'm thinking alot of people don't get.
This isn't SIM-Economy or some other video game....these are people's lives we're talking about here. Every 1/10 of a percentage point in the unemployment number represents "X" number of hungry kids or people forced into homelessness etc.
The idea that the government should do nothing because that's what someone's "philosophy" says is both callous and unrealistic.
Alot of rich republicans in gated communities would be watching their neighborhoods burn down right now if we had done what they really wanted.