http://blogs.reuters.com/unstructuredfinance/2012/11/26/eminent-domain-or-principal-reductions-the-bottom-line-is-reducing-mortgage-debt/ Where Wall St. and Main St. intersect Wed, 24 Apr 2013 20:13:19 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/unstructuredfinance/2012/11/26/eminent-domain-or-principal-reductions-the-bottom-line-is-reducing-mortgage-debt/#comment-128 USA4 Wed, 28 Nov 2012 16:00:49 +0000 http://blogs.reuters.com/unstructuredfinance/?p=992#comment-128 a way out of the mortgage mess, finally? what a ridiculous proposition. so the "way out" of borrowing too much money is to simply tell the lenders they won't get paid back? or that they will get paid back with taxpayer dollars? is that the cure for the absurd amount of debt borrowed by the US Government every year too? Just tell china we're sorry, but they shouldn't have made us borrow so much? what ever happened to people being responsible for their own actions? and why do the people who work hard, live conservatively and save money have to bail out the ones that take on second and third mortgages to fund a lifestyle they can't afford? a way out of the mortgage mess, finally? what a ridiculous proposition. so the “way out” of borrowing too much money is to simply tell the lenders they won’t get paid back? or that they will get paid back with taxpayer dollars? is that the cure for the absurd amount of debt borrowed by the US Government every year too? Just tell china we’re sorry, but they shouldn’t have made us borrow so much? what ever happened to people being responsible for their own actions? and why do the people who work hard, live conservatively and save money have to bail out the ones that take on second and third mortgages to fund a lifestyle they can’t afford?

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