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Response to Commonsensenotc...

Wow, I had no idea my blog was not put together well enough to get my point across. Please allow me to address this as to correct the misconceptions. As for my friend from Cleveland, he is a contractor in the nuclear industry and not at all "intellectually challenged". He moves every once and awhile as jobs come available. I have absolutely no reason not to believe him. Coupled with news reports about the Cleveland area being hit the hardest, confirms what he has told me. He could not get a fixed rate loan, at all. Gun to the head?...come on now. Up against the wall? I think so. As for the fantastic conspiracy, I never stated that the Insurance Companies, NAFTA, China and others were part of a conspiracy. I was simply trying to point out that the lower and middle class are being soaked. Taxes & Insurance are part of a house payment. When they go up and wages go down, it hurts. I did say the Mortgage Industry and other friendly people were at fault, so we are somewhat in agreement. My idea of other "friendly people" (a sarcastic statement), is mostly our wonderfiul lawmakers who allowed such deregulation as to set the tone for a big money grab. Don't you find it a bit strange that the CEO of Citi Group walked away with 60 million dollars severance and now they are whinning that they are broke? Do you not find it appalling that our friends, the Saudi's, have bought 11% of Citi Group? I wonder if this includes seized property? As for the stupid people, yes, I sure there are many out there, after all look how we vote. I bet that if I were in my 20's trying to get a start in life without any credit history, I would have had to take one of these loans because I would not have been able to get a desirable fixed rate loan. I also bet that some of these stupid people saw a housing market spiraling out of control, locking them out of the market possibly forever in obtaining a home. So they had to act. I've read a lot of your blogs and I agree with you somewhat. I just hate you missed my point and tried to make me sound like I was part of the tinfoil hat crowd.

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