I was listening to the Mike Church radio show on Sirius on Wednesday morning. He said something very interesting about the credit crisis and pending bail out. He was right on!
These people that have the sub prime loans and can't pay their bills aren't losing THEIR homes. The loans were no down payment type loans. They have NO equity. They were basically renters okay renting to own. Why are we bailing out people on home loans that they SHOULDN'T have qualified for in the first place?
I am not even going to start on bailing out financial institutions that knowingly lent money to people that didn't qualify.
