Wednesday, September 14, 2005
Dollars and Cents
Talk radio host Ed Schultz brought up an interesting point on his show this afternoon. He was wondering how the people who lost their homes in Katrina are going to make their mortgage payments.
He then brought up an idea that the govt should put in place a moritorium on mortgages for people who lost their homes in Katrina and that the govt should pay the interest.
I thought that was a great idea.
Plus, he was mentioning that many people have had to max out their credit cards to pay for basic needs. What do these people do now?? They don't have any jobs and thus no income and now the President and his cronies have made bankruptcy A LOT harder.
UPDATE: Now we hear that Delta is going to file bankruptcy. Big business seems like it can file and get out of trouble but the average citizen will be penalized now.
One of the main reasons for filing was gas prices. Well, damn!! Can i file because the gas prices are breaking MY back too?? I doubt it.
Am I the only one who see's the huge 800 pound gorilla here?
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