a few certain people in the governement who have a D (not all dems, but mostly) next to there name that forced/cohereced banks to lend to poeple that cant afford a house basically started the collapse of this house of cards.
no one deserves anything.
you have what you have because you earned it.
once again liberal / hippie thinking has us all suffering. why try when someone will lobby that you, somehow, deserve somthing with out trying? thats rewarding bad behavior. what we are seeing now is the bursting bubble. all bubbles burst. i can only wonder where was the forsesight of people like Dodd, Franks, Bernanke and Paulson? they seem to have great ideas how to fix it in a matter of days but couldnt see it coming. ridiculous.
the market will correct itself, it always does. all we are seeing is things return to thier true value. it wont make getting a loan harder if you are qualified. if you arent qualified, yes it will be harder. thats how it works. another lesson to learn is never use credit with a variable rate. duh, right? also CEOs shouldnt have a golden parachute if all of there employees lose thier hard earned pensions and benefits. if they tank a company they should forfiet that years earnings and stock options.
the good things is that we will see over-regulation at first which should get things back to "normal" qucikly. the best we can hope for is moderate and common sense regualtion. not the crazyiness that it has been allowed to become. ok, well im done ranting all over the place