I just watched this video of a CNBC anchor named Rick Santelli yelling a lot on the floor of the Chicago Mercantile Exchange about Obama's Housing Bailout, and how nobody wants to pay their neighbor's mortgage on the house with the extra bathroom...and that keeping people from having their homes foreclosed rewards the bad behavior of those who drink the water but cannot carry the water...what he calls "subsidizing the losers' mortgages."
It leads me to a sincere question: What happens when someone has a house, can't pay their mortgage, and their home is foreclosed? I don't mean to sound like a bleeding-heart liberal, but seriously, where do those people live once they are out of their homes? Is there a system set up to help? I'm asking sincerely.
0 comments:
Post a Comment