CNBC's Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor's mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.
Answer by grlygrlz2 at 9:15 PM on Feb. 19, 2009
Answer by aliciatron at 9:17 PM on Feb. 19, 2009
Oh thank GOD! This is insane. I was fairly young (24) when we bought our house. I did the research. Took a small class one sat to learn more about the process. Demanded a fix rate interest or wouldn't get the loan. Our credit wasn't perfect but it's the largest purchase you will ever make! If you went into it blindly that's YOUR stupid! I don't think MY family should have to pay for it!! And yes I know some people have lost their jobs but that's a small percentage of the foreclosures. Mostly it's second homes and people who bought outside their means just cuz they wanted it!!
Answer by momof030404 at 9:19 PM on Feb. 19, 2009
Answer by timelessglass at 9:27 PM on Feb. 19, 2009
Answer by grlygrlz2 at 9:28 PM on Feb. 19, 2009
Answer by timelessglass at 9:29 PM on Feb. 19, 2009
Answer by timelessglass at 9:31 PM on Feb. 19, 2009
Answer by MojitoMama at 9:34 PM on Feb. 19, 2009