Another big government bail-out, this time for the mortgage industry. I know there is some connection, somhow, that this is suppose to be good for me. Or so I’m told. I can’t help but wonder if it’s time to let some failed ideas …well …fail.
If I did not overextend myself with mortgage and too-big of a house, why should I carry the burden through more cost to tax payers? I would have recommended to anyone else that they also do not extend so far. However, if I have no influence on others doing what I know will hurt, I feel decreased obligation to help when hurt starts to happen. Why do we want to insulate people from their actions?
A friend is taking action that makes someone’s life uncomfortable in an out-of-control sort of way. A pining observation was made that this person has had a comfortable life and they don’t want it to be different (and therefore my friend should leave things well enough alone). I couldn’t help but feel that sometimes being uncomfortable is the right answer. Their uncomfortableness may change the way they do things, or what they do, and they’ll be better for it.
Why can’t we allow uncomfortable pain in the web of mortgage underwriters and investment junkies? Why does this reach out and touch anybody else? I wish someone would trace me through the pain chain. Mortgage lender defaults. Mortgage underwriter looses money. How is this my issue yet? I’m not an economist, but I don’t see the connection. People are less confident, credit rates go up. Ok, how does this touch someone that doesn’t do debt?