Here's the situation: The mortgage companies gave loans to people who couldn't necessarily pay them back, then sold the loans to other companies packaged with some other loans that would be paid back. This happens a couple of different times and then the last company tries to collect and there isn't any money. The government has decided to bail these companies out with our money. Fuck that. That isn't capitalism. Anyone who makes poor business choices should not get bailed out. Small businesses don't get bailed out if they don't succeed. Many Americans have failed at their dreams and don't expect someone to just hand them cash and make it all better. Well, one sheriff in Illinois is letting the mortgage companies that don't have correct information on their paperwork do their own dirty work. Here is the story: Link
No comments:
Post a Comment