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Cobby33Fred- Well said. For every person who bought that Porsche they couldn't afford, there is at least one person/family who entirely deserved to buy that modest home and take that modest vacation to Disneyland. But, through no fault of their own (aside from perhaps not being too tightly financially conservative), they're now in an uncomfortable place and that's too bad.
Jeff- Also a good point. Although I hate for ANYONE to lose their jobs- their predicament is ironic.