Posts Tagged ‘boats’

So many people buy toys on credit and file bankruptcy?

I feel bad for people trying to make ends meat to save their home. But some of these Americans put all their toys on credit (boats, spa’s, nice cars, etc..) Taking out mortgages from their home loan, without having the means to pay it back, now they have to file bankruptcy. Is this why there are so many problems with the economy. People living out of their means? I always pay cash, except the house.

Help me understand!!

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When these bankers go belly up and go bankrupt, will they loose everything they have?

Like all the extra homes they have? All their other assets, boats, cars, vacation homes, stocks, bonds, IRAs, and any other source of income? Will they lose their pride? Be ashamed? Have no future?
Will be they be treated like the ordinary guy who lost his job, lost his home , and his credit? Will they be treated like the bums they are? Or will they get richer because of who they are, and who they know? Republican Thieves. They are supposed to be educated, why did they act like morons? They do not deserve to be bailed out. Thrown out is what they should get. Penniless!

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