tag:blogger.com,1999:blog-3098264341625381422.post3163917747161827751..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: The Mortgage Version of Duh!!mike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3098264341625381422.post-66210375333185280142008-12-08T16:02:00.000-08:002008-12-08T16:02:00.000-08:00Ha! "principle reduction".. Honestly, I can't w...Ha! "principle reduction".. Honestly, I can't wait.. When this country thinks it is necessary to give a principle reduction to the most irresponsible folks in America, it will be beautiful day for all the academics who promote this daily.. A principle reduction for a small percentage of the mortgage holders in this country equals a waterfall of defaults that no professor or economist or some "know it all" newscaster will input into their "mathematical" equation. Who really thinks a responsible and prudent neighbor will stand by and watch someone else get a principle reduction and smile and say "isn't that sweet" they refinanced their house multiple times and bought all those wonderful toys and now my tax dollars will bail them and I will just continue to give and give and be charitable, all for the greater good... Little do these academics and Washington folks who never get out understand, this move will not only bankrupt America financially but it will be the last straw and bankrupt America morally. I would call this "wipe out" of anything that may be left in this country we might call good, charitable and responsible. I just dare the government to do this. At least we will be able to add to the dictionary what a "modern day revolution" definition will look like.. I guarantee anyone it will not be pretty. And to think they are worried about the financial health of this country. Can you imagine what this country will look like with the highest crime rate in history?? Of course not... <BR/><BR/>Go ahead... "Make my day"!!! Give those homes away... Just dare ya.... You can bet I will figure out how to take advantage of the deal of the century someway, somehow...<BR/><BR/>:-)Anonymousnoreply@blogger.com