RespireRx Pharmaceuticals Inc (RSPI)

[asuhowe]

to anyone on the board..

When do you think they will start blaming the idiots that bought houses that they couldn't afford and then took out home equity loans on the fabricated apprciation gains (and spent the money on cars, boats and trips instead of home improvements), as well as the Real Estate companies that cheered on buyers to buy more than they could afford, and the real estate speculators (and flippers) that made the Pyramid Scheme in the first place?

Yes, the corrupt lenders and government officials that turned their heads should be to blame, BUT, the individual American Idiots (and that wonderful group called real estate professionals) that CHOSE to get themsleves way over their heads should pay the price as well..!

The media, middle America, wall street, the government all loved when the housing market boomed and "flip this house" was eveyones favorite show..

There's always a price to be paid for greed, and this greed is from top to bottom, not just the government and big business!
Any moron could see that medium home prices couldn't rise 20% forever, with medium incomes declining at the same time..
It was only a matter of time before the bubble burst..

The big bailout is a necessary evil and the eventually tax disadvantages are the price the average american gets when they don't take a basic math class and see that a $400,000 house loan that's interest only probably isn't the wisest thing with 3 kids and a $50,000 year job..

Let's hope that the result of all of this is some more discipline in the things Financial companies can do outside of basic lending functions, and a little more enlightenment to the average Joe that your house isn't a short term investment, appreciation shouldn't be taken out and blown on stupid stuff, and that real estate agents will tell you anything to get the commission..

Cheers!