“The way I look at it with those people is that they were trying to be slick”

[dajoki]

Is this the type of compassion that is sweeping across America today? Craig Morris: “The way I look at it with those people is that they were trying to be slick” Brian Buckmaster: “I’m being fiscally responsible, but now I’m being adversely affected by a bunch of people who either were not responsible or for whatever reason got into that position” Jason Robitaille: “That’s our tax money that has to rescue this institution that is in danger because of the stupidity of people, and the gluttony of people”. If it is I want no part of it!! I do not know or don't pretend to know what percentage of our fellow citizens feel this way, but I do know that these three make me sick.

It must sure be nice to be that insulated from the FACTS of what's going on in our country, especially if you have gone through it yourself, that I know because I have, but I HAVEN'T turned my back on those who are in dire straits. I recently got my home out of foreclosure and with NO help from "taxpayers", but I would be happy to see my tax dollars go to help the underprivaleged in the US. I'm not out of the woods yet with my home because its still a struggle, so who knows, I can only hope for the best.

Like I said when I was in foreclosure, there are many factors and reasons a person or family ends up in poverty or homeless. Again, I know this because through a series of UNFORSEEN circumstances such as disability, job loss and illness my family was left fighting for our lives. Not everything is predictable and very few people can save for that "rainy day" as these quotes above would want us to believe. So what would they have us do? Your guess is as good as mine.

If I were to hit the lottery or get some big inheritance or something, I would love to buy back some of these foreclosed homes and give them back to their owners, or if they happened to be rich folks mansions I would build the nicest apartments to give to the homeless. Well, I can dream, can't I!!
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Housing woes are bringing on a bust backlash
Fear, anger rising as damage spreads from falling prices, credit crisis
By Allison Linn
Senior writer
MSNBC
updated 1 hour, 11 minutes ago
http://www.msnbc.msn.com/id/25836850/

When Brian Buckmaster first started hearing the reports of foreclosures and other housing woes, he was incredulous that so many people would get themselves into that sort of financial trouble.

<<snip>>

“My second feeling was fear that those of us that chose to live within our means and be somewhat conservative with our finances will have to end up, in some way, bailing out those folks who made those mistakes,” he said.

<<snip>>

That’s causing some to lose patience with, and sympathy for, those hit hardest by the financial maelstrom. Frustration is boiling over on Internet message boards, blogs and other public domains, as more people question why homeowners facing foreclosure or bankruptcy didn’t see it coming.

<<snip>>

But Buckmaster did what he thinks everyone in that situation should do: adopt a frugal lifestyle, pay down the debt and save up for the next rainy day. Now on firmer financial footing, he questions why more people caught up in the current economic woes can’t do the same thing.

“I’m being fiscally responsible, but now I’m being adversely affected by a bunch of people who either were not responsible or for whatever reason got into that position,” Buckmaster said.

Craig Morris, 50, also faced his own financial troubles when he was in his 20s, racking up enough credit card debt that he eventually filed for personal bankruptcy. Still, he has little sympathy for those who have ended up in difficult financial straits because they were caught off guard by ballooning mortgage bills and rising gas prices.

“The way I look at it with those people is that they were trying to be slick,” Morris said.

<<snip>>

“That’s our tax money that has to rescue this institution that is in danger because of the stupidity of people, and the gluttony of people,” Robitaille said. “That’s how I look at it.”

[RaleighNCDUer]

1. I got mine - screw you, Jack.

When a finance expert says "you CAN do this" the novice tends to believe him. Thousands of con men made millions of dollars convincing people that their finances were sufficient to carry the debt load - and they made their millions whether the buyers succeeded or not. Their vested interest was not in giving sound advice, but in getting that signature.

And the buyers, seeing the lending institution AGREE with the broker are bound to think "if it wasn't good the bank wouldn't chance it".

So millions are losing their homes and their savings to con men - and these asswipes cling to their disdain.

[Warpy]

2. I love these financial experts who tell me I don't have enough

saved from my work to retire on because I didn't save $2000/year from the time I was 20.

What they seem to forget is that I wasn't making much over $2000/year when I was 20 and that taxes and FICA drove it well under $2000/year.

I suppose they think I should have lived under a bridge and found a way to eat air.

There is no creature in this country more useless than a financial expert.

[dajoki]

3. Some of them are...

not only useless, but downright evil. And people that believe that BS are just as bad, yeah, I'll start saving right away even though I have LESS income now than I did 20 years ago!!