THAT'S WHAT SEN. LEVIN SAID GOLDMAN SACHS WAS SAYING PRIVATELY ABOUT THE STOCKS THEY WERE PUSHING AND LATER SHORTING. THIS AS THE MORTGAGE BUSINESS WAS BEGINNING TO CRASH THE SUMMER OF 2007. I BOUGHT A HOUSE IN DECEMBER 2007 AFTER CALLING MY STOCK BROKER BROTHER-IN-LAW WHO ASSURED ME IT WAS A GREAT MORTGAGE RATE, HOUSE AND PRICE!
THE MARKET CRASHED TOTALLY IN SEPTEMBER 2008. MY HOUSE IS WORTH A LOT LESS NOW.
ISN'T IT TIME FOR THE GOVERNMENT TO BAIL THE CONSUMER OUT? THE PRINCIPAL ON OUR MORTGAGES SHOULD BE REDUCED TO PRESENT HOME VALUES NOT THE INFLATED SHITTY DEALS WE RECEIVED.
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