How about we start with the elderly and poor who have either lost their homes or the equity in them through predatory lending practices? I've yet to meet this apparently elusive "speculator" who blithely lies then sends in the keys. Maybe we can eventually make language a complete impediment to understanding. -Hobbes
Here notes from a FreddieMac webcast :
LA Times was once featuring a company promising to help "Unshackle yourself today from a losing investment and use our proven method to Walk Away" - which is quite normal in a society already inclined to stockmarket gambling.
I'm not sure taxpayer money should help bail out speculators of any kind - not without a price. Or in this cases, individuals have their part of responsibility, just like real estate brokers, investment banks and governments (warnings about the real estate bubble explosion in Britain, Spain and the US could be heard from 2006 already, without any one taking any kind of measure. Just like the derivatives market, this one too was supposed to "self-regulate", of course). Free at last! Free at last! Thank God Almighty, we are free at last! (Martin Luther King)
