The Audacity of Loan Default

Filed under:Jerks,Politics — posted by Anwyn on April 1, 2008 @ 5:23 pm

The crazy isn’t just coming out of the wife:

It’s also time to amend our bankruptcy laws so families aren’t forced to stick to the terms of a home loan that was predatory or unfair.

Also sprach Obamessiah. The culture of stupidity and irresponsibility will march on proudly under Obama’s banner–why bother to read the terms of your loan and decide for yourself if you can stick them or not? Under The Obama Nursery, you won’t have to!

The infuriating hypocrisy of people who make hundreds of thousands of dollars a year firstly making noises to the effect that they don’t have enough money or, more believably, don’t manage it so that they save enough, and then soothing the herd–“there there, there there”–with promises that they won’t have to try, won’t have to save their money or manage it, won’t have to pay attention to the way they run their lives because the government will bail them out with the money of those who do is beyond reproach–it’s all the way to “outcry,” but it remains to be seen how much of one there will be before this clown is actually elected, since apparently there’s not going to be enough to deny him his deluded party’s nomination.

4 comments »

  1. So he wants a law saying I can get a free house just by declaring bankruptcy? Cool!

    Comment by Xrlq — April 1, 2008 @ 6:41 pm

  2. Dude, come on. That would be crazy. You could only get the free house if your loan was unfair.

    Comment by Anwyn — April 1, 2008 @ 6:47 pm

  3. That could be arranged.

    Comment by Xrlq — April 2, 2008 @ 6:08 am

  4. When did responsibility and conscientiousness stop being necessary (or at least important)? I see the lack thereof every day at work, yet it still horrifies me anew.

    Comment by Bumble — April 2, 2008 @ 6:52 am

Copy link for RSS feed for comments on this post or for TrackBack URI

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

(required)

(required)




image: detail of installation by Bronwyn Lace