Saturday, October 6, 2007

Are you responsible with your money? SUCKER!!

That is what the federal government thinks of you. The brilliant minds in DC have come up with yet another bailout scheme for the $35K a year earners in $800K homes. This one is to give people with 550 FICO scores fixed mortgages at 3% and it is absolute BULL-SHIT!

What's the point of being prudent? Paying your bills on time. Building up a good credit score. Only taking out debt you know you can pay off? Instead become a deadbeat, take out debt you can't afford and the federal government will be there to help you out.

So for all you people with 6% or 7% mortgage rates and high FICO scores, too bad. You should have been a deadbeat and your fixed loan would be 1/2 as much.

Here is the disgusting story.

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