WALL STREET PROTESTS:
Consider this:
Many of the protestors are pissed off because their student loans cost so much. Well, who determines how much an education costs? The banks? No.. the educational institution does.. the banks are just lending the amount of money the student is telling them that they need to pay to the college… so how does this make the banks the bad guy? Students should be protesting their educational institutions on that issue.
Foreclosures: Didn’t these people sign the paperwork and agree to pay the mortgage payment? Didn’t they realize that they are buying more house than they could afford? What did they think would happen if they didn’t pay anymore? I’m paying $1800 a month for a house thats now worth only $150k. But I borrowed the money and personal responsibility means that you pay your debts because as an adult, you freely entered into the mortgage agreement. Nobody held a gun to their heads and made them get a mortgage. If the protestors want to blame anyone for setting them up for failure, they should be protesting congress, freddie mac and fannie mae. They should be looking at who it was in congress that kept shutting down oversight legislation that was proposed by the Bush Admin. for Freddie and Fannie.
Their demand that ALL debt be forgiven is insane. How would you feel if you were a small time investor that people owed money to, and all of the sudden, that debt was wiped out and you are left with nothing… what about the $$ you gave the borrower?
PERSONAL RESPONSIBILITY! It seems to me.. I may be wrong about this, but it seems that many of their demands are either misdirected or they are abandoning any sense of “I’m responsible for my actions”.
They do have some good points. but as I said. they are protesting the wrong people and they are being used by the progressive left as a way of taking our eyes off the ball of the failing economy so Obama can get re-elected.
These are just my opinions and if you disagree then thats your right.. but I won’t debate my opinions because the won’t change so that would be a waste of everyones time.