So much for personal responsibility, supposedly a hallmark value of the Republican party.
What bothers me about that comment is that it presumes the people getting hit by their crappy mortgages were acted upon by the aforementioned “greedy” Wall Street types instead of being willing participants in said crappy mortgages. We need to realize that nobody put a gun to anybody else’s head and forced them to get loans on homes they couldn’t afford, or use their home equity to live beyond their means. They chose to get those loans, just as the lenders chose to give them those loans.
There are no victims in that equation. Just parties guilty of mutual stupidity.
The only punishment that is needed is to let those guilty of that stupidity - both lenders and lendees alike - twist in the wind on the rope of their own making.
You’d think that McCain, ostensibly a conservative who cares about the importance of personal responsibility in today’s society, would get that. Apparently he doesn’t and would rather play the populist and pander to the lowest common economic denominator.
