—It’s easy to be right about money (when you have plenty of it.)
—I can’t tell you how tired we are of the self-righteous talking heads who know exactly how everyone else should handle their money and credit. The conventional wisdom they NOW spout is offensive to many of the poor souls who have been caught up in this recession and housing bust.
—“Don’t buy more than you can afford” is an insult to the hard working Americans who were striving for a better home, a better car, a college education and all the other things that make up the American dream. How can the “experts”, full of fiscal piety, fail to understand that most of the people in financial trouble today did nothing wrong? Their only sin was aspiring to the dream that all the “experts” told them was possible. They saw the dream slipping away when they lost their business or their job or their retirement plan.
—Now they have to listen to “I told you so” from the talking heads who would be living in Aruba on their lottery winnings if they had a crystal ball.
—No one had a crystal ball.
—The highly paid and respected bankers and investors had no crystal ball. Or they were so wrapped up in their greed they didn’t care. They got theirs! Mortgage origination fees AND a government bail-out!
—The highly paid and respected politicians had no crystal ball. Or they were so wrapped up in their ego and ambition they didn’t care. They got theirs!
—The poor slobs who just had a dream had no crystal ball either. Now do they need to be told that they should have saved more, or that they should have bought a smaller house, or should have lived within their means or that they should have deferred spending on their kids or on a college education? Now are you going to tell them that they should have resisted and said NO when the bankers and politicians told them everything was going to be just fine? WHEN THE BANKERS AND MORTGAGE BROKERS SAID THEY WERE “QUALIFIED?”
—If I can’t see these experts in hell, I would like to see them trade places with some of the hard working Americans who are the losers in the money and credit game.