This is Bob. This is Sally. A few years ago, Bob and Sally went looking for homes. Sally decided to save money by renting, planning to buy a home later. Bob decided to buy a great big house with a risky, adjustable rate mortgage. Bob and his bank bet housing prices would rise forever. They didn't. Now Bob's risky loan is coming due. Meanwhile... Sally is still saving, and still doesn't own a home. So what does Congress want to do? Tax Sally to bail out Bob (and his bank).
Angryrenter.com.
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