I've been trying to wrap my head around this whole financial crisis mess. This video is the best one I've seen that shows how the whole thing came about:
Well, at least my cousin, because of some government deal, gets to keep his house. His payment will now be 1/2 of what it was so that he won't lose it. I don't know how that works out. We're probably paying the other half. This is the same cousin that took the money his grandpa gave him to make a house payment and bought a $300 pair of cowboy boots. They're dang nice boots, though. Gotta love the government!!
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and in the meantime, those who are responsible citizens that live within "our means" are the one's that suffer the consequences.
Well, at least my cousin, because of some government deal, gets to keep his house. His payment will now be 1/2 of what it was so that he won't lose it. I don't know how that works out. We're probably paying the other half. This is the same cousin that took the money his grandpa gave him to make a house payment and bought a $300 pair of cowboy boots. They're dang nice boots, though. Gotta love the government!!
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