State AGs Pull Thug Coup, Make Chumps of People Like Me
The thuggish shakedown is officially successful and I am officially a chump - I put 30% down when I bought my home and I pay my mortgage every month. What a sucker.
We're all suckers.
UPDATE: WSJ weighs in...we're stealing money from the institutions that lubricate the economy to reward deadbeats and buy votes. Disgraceful. Oddly, a headline on page one of the same paper suggests that this settlement creates hope for a housing market recovery. That's what the politicians would like you to believe, but it's a fantasy.
We're all suckers.
UPDATE: WSJ weighs in...we're stealing money from the institutions that lubricate the economy to reward deadbeats and buy votes. Disgraceful. Oddly, a headline on page one of the same paper suggests that this settlement creates hope for a housing market recovery. That's what the politicians would like you to believe, but it's a fantasy.
posted by Donny Baseball at 10:37 AM
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