Posted By:
Greg EcklundDavid...my main point which you ignored was that you contribute nothing baseball card related on this baseball card board - subtract my "pissing and moaning" comment and the main point still stands.
And David please tell me which 10 year olds got loans to buy houses? Comparing adults who should have some responsibility for their actions to 10 year olds is insulting to the adult population and evidence of your nanny state mentality. The mortgage brokers and banks should be held accountable for this mess as well, but to completely dismiss the American consumers responsibility for their own finances is a joke - the issue isn't as black and white as you make it.
Many people in this country have tried to live beyond their means for years - buying a more expensive house, a more expensive car, or a bigger TV than they could afford andnow their excessive spending is coming back to haunt them.
The people really getting screwed in the whole deal are people who lived within their means, put money aside when they could, and tried to be responsible. Many of those people are now going to see their taxes go up in order to bail out the orgy of spending over the last decades - that on top of seeing their home values diminish and retirement plans lose substantial value.