Wednesday, October 8, 2008

Renegotiating mortgages McCain...NOT COOL!

If McCain and all the rest of the politicians think that main street was mad about bailing out Wall Street....they are going to go ballistic when they find out that McCain is leading the charge in buying up all those "bad mortgages" and renegotiating with banks to not only lower interest rates for lenders...but to reduce the principal.

IS HE NUTS?

He must of taken an Obama pill.

I have now heard Palin and MCcain blame the big bad mortgage companies for the whole mess....what about the idiots that spent what they did not have and could not afford. How about some self restraint....and if you don't have it, then belly up to the bar and take responsibility for your own mistakes. Yes there are devious lenders, yes there crisis situations...but let's not let the tail wag the dog on this issue....I would guess the biggest issue is the jones issue.....keeping up with them that is....and buying stuff you can not afford.

BTW for those of you who have been sitting on the sidelines watching the market for the past 12 months...I think it's time to start to get back in the pool! There are a lot of really good stocks with great dividend yield that are cheap. Then again......could tank another 500 today!

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