Will Mommy Government bail me out too???

Question

Geez folks, I trade the futures markets, and sometimes I lose money at it. Will I get a bail-out too??? I sold my house in CA in 2005, not too far from the top of the market, paid off all my debts and semi-retired to Thailand. I did this for several reasons; I saw that the housing/lending phenomenon was going to blow up. I also did it because I had way too much debt, had kids to put through college. My move turned out to work out pretty good. I met the responsibilities to my kids and honored the agreements I made in taking out various loans. Now I see that all the whining and moaning from those who acted irresponsibly in their lending and borrowing, may get Mommy Government to bail out their greedy behinds. This what the US has become; a place where if you scream and cry loud and long enough, or if you're a dipsh!t MBA on Wall Street lending $$ to people who you know can't pay it back, you run to your Mommy when the sh!t hits the fan. What a bunch of gelly-spined, limp-wristed wimps.

Answer 1

I'm surprised at you post if you trade futures.

Mommy government is not bailing out the typical homeowner

The Federal Reserve does not give a hoot about the typical homeowner.

The Federal Reserve and the Government is bailing out their buddies the money center banks.

They made the stupid loans and will in fact be bailed out.

Answer 2

i do no longer think of the government is going to bail out those human beings. i think of that they're going to revise some very own loan courses which will enable some to refinance their residences without dropping their residences. It does no longer propose the government is going to enable them to circulate scott unfastened and payoff their balances. between the flaws the government suggested is allowing FHA to become in contact to attempt to refi a number of the loans as long because of the fact the customers have been modern-day on their money in the previous their arm cost adjusted. some thing ought to be completed to regulate the non-public loan disaster because of the fact regrettably a number of those courses that the government allowed to take place have been given uncontrolled and it has effected very own loan courses for each guy or woman else regrettably. i think of the FHA application would be good yet purely purely pointing out that we (Pres) are to make those adjustments isn't sufficient. It takes time to alter fed regulations with courses alongside with FHA and that they choose human beings working 24/7 to get those initiatives began. i hit upon it ironic that the Pres blames a hundred% financing courses yet is needing FHA to grant a a hundred% product.

Answer 3

And you are somehow better, given that you made all your retirement profit INSIDE the USA and then decided to spend it in Thailand ? Gimme a break. You're nothing more than an opportunist who cares precious little about the land in which the monies were earned.

I don't think you have any sort of podium from which to preach.

Answer 4

difference- you willingly gamble money to make money.
most people just bought a house- they live in their house, their families live there. they didnt gamble anything , and they arent trying to make money- their just trying to live in their house.
most of these people thought they were doing good for themselves by buying their own house- getting ahead in life and "living the american dream" as they say.
They just came about to live it at the wrong time.
Like you said- your move turned out to work out good- but there was no say that it would have , its a chance you take.
Just like many people took the chance to buy the last couple of years. Hell there was a sheet load of well educated investors who took the chance to buy right up till the end- and now their stuck with their houses to.
You seem to be the type who will complain about all these people on welfare- but once one of them gets off welfare and takes your job- you will be cryin.