Alert !! It's not just bad mortgages is it? It's the out of control credit card spending also isn't it?
Wrong - its not just those 'poor jerks' -
its so-called middle class also. Three different credit card accounts with Bank of America; five different credit card accounts with JP Morgan Chase, 3 different credit card accounts with Capitol One....and on and on and on,,,owing each of them thousands of dollars. These people can't pay these credit card debts either.
Someone I know works for bankruptcy attorneys. Average homeowner - and there are many many of them - is 'middle class'- who file bankruptcy whether or not they keep or walk away from their homes, and they are in debt == they are in credit card debt alone to the tune of from 60,000.00 to over 150,000.00 !! and that's credit card debt alone!
so sop blaming the 'poor jerk' with a mortgage they cannot afford.
Look inside your own wallet. and check out all of Your credit card that You can't afford.
(Just remember, the "bailout" is for bad credit card debts also!! Bad credit card debts also, Which some of you 'middle class' -teetering on the brink of living frm paycheck to paycheck - are responsible for also.
Stop blaming the 'poor jerks' with mortgages they can never reaffirm.
The media, your senators, representatives, they dont' talk about bad credit card debt, and they don't because some of them are in the same boat themselves, just like some of you!
you have much to learn yourself. this wasn't a rant. it was fact.
No its your 'middle class' - showing off.