Amazing crossover article

[Orange Cat]

Hi all,

I found this incredible article. I didn't write it, but I love it. I won't post the whole thing, so click on the link if you want to read the rest. There was also this amazing article about voting for none of the above instead of just not voting. That one I will just link to: http://www.lewrockwell.com/orig8/hamilton5.html

But here is the beginning of the other article by Sandra Hamilton called TOXIC ANGER:

"Most of us know by now that a lot of toxic debt has been filling up the balance sheets of our financial institutions creating one heck of a financial meltdown. What we do not know is what the solutions to those problems are going to create in terms of human emotion.

Everywhere you turn these days you hear cries of "we have to save the homeowners; we must lower their payments and keep them in their homes." Why? Why do we have to save these people? Why should someone get to have a home that they can only keep if others help pay for it? Why do we have to save the institutions that lent to them? "They" say they need one trillion dollars or more of my money to bail out a lot of people. Why on earth do I have to give my hard-earned money to irresponsible people? The thought is making me very angry.

Several years ago I bought a house. I had an option for the financing; I could take a rather high interest rate (for the time) that was fixed or I could put nothing down and pay nearly nothing for an adjustable rate mortgage. I decided not to gamble. I knew interest rates can and do rise. I opted to pay a lot more for my house and to have the security of a fixed rate loan. That decision cost me a lot of money over the past five years, but it was supposed to save me money when the tide turned.

Now, I am paying for that decision. I am paying for my neighbor’s house down the road who did not want to pay more at the time. I am paying so that my neighbor and yours, who took out a mortgage with no down payment and paid next to nothing for the past five years, can get his mortgage reduced with my money. How is that fair?"

(Finish the article here: http://www.lewrockwell.com/orig8/hamilton7.html) I didn't think it right for me to "steal" this author's work without giving her a chance to get some credit for it.

She goes on to relate all this to Atlas Shrugged. Quite brilliantly I would add.

[Grames]

LewRockwell.com? What's crossover about that?