For two years, Amanda and I have been trying to buy a house. We saved our money. We hung up the phone on the predatory lender who asked Amanda if someone at work could fraudulently sign something claiming that she made twice her actual salary. We did budgets. We worked with a financial advisor. We worked with a mortgage broker and three real estate agents.
We were careful. Slow. Deliberate.
Where did that get us? Nowhere. No house.
Now the financial markets are tanking and taxpayers are going to be made to pick up the tab.
Rather than living in our own cautiously bought home, Amanda and I are going to be made to help foot the bill for all of the a-holes who were stupid, careless, greedy, etc. And we still don't have a house of our own.
What is the impact on taxpayers going to be? How is it going to affect me and my wife? Why do the careful and intelligent have to fix things for the stupid and reckless?