Big O announced today that he's going to be helping banks lower the amount of principle owed on homes that are underwater. He also said he would be helping unemployed homeowners skip out on their mortgage payments.
Now, wait a tic. I thought this was America where people have freedom - as in the freedom to screw up and pay the price. Let's take an example: Sally owns a home in Texas. She lost her job as a bank teller because her bank went under after its underwriters gave away too many risky loans. Now sweet old Sally should have known not to work for a bank that gives away risky loans. She easily could have logged onto the google to see what all the other banks are doin. Surely there were other banks in texas not giving away ARMs, right?
Anyway, don't want to get into details about that. Sally's home value also tanked, so now she owes more than the house is worth and doesn't even have a job to pay for it. I'm sure Sally is very nice and pretty and all, but she must be single. If she had a man by her side she would have known not to buy a house just before the second biggest economic crisis in American history. Anyone could have seen that comin'!
Since Sally made all these bad decisions, that were so preventable, why do my tax dollars have to pay for her to get out? What, like stabilizing the mortgage market is actually gonna help me?
Don't worry voters, we'll continue to fight against these laws that are helping the stupid and poor people in America. Why, because we're Republicans and that's what we do!
Love
Dumbo Joe
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