Good morning Congressmen, Senators and members of the Bush Administration. We're the honest and prudent people of America, and we have a message for you as it pertains to Federal involvement in bailing out housing gamblers, mortgage fraudsters and failed flippers:
WE'RE PISSED OFF, WE VOTE, AND WE'RE NOT GOING TO TAKE IT!!!!!
Those Who Avoided Risk Call Plan A Raw Deal
The agreement has sparked bitterness and anger among those who either sat out the housing boom or endured friends' snickers when they stuck with a traditional mortgage and a smaller house. To some who watched prices rise out of their reach or who moved to cheaper cities, the agreement looks like a penalty for those who didn't gamble.
The resentment is apparent on blogs that chronicle the mortgage crisis. It has some Republican lawmakers worried about a backlash.
At the blog HousingPanic, the agreement is equated to the attempt in 2005 to save Terri Schiavo, a woman who was in a vegetative state. "Washington politicians thought intervening in the Terri Schiavo affair would be good politics, too. Housing Gambler Bailout is the new Terri Schiavo," the site proclaims.
Then there is the name-calling and hostility: It is a plan to help the "greedy" who "squeal like stuck pigs" when the market turns bad, said one post on HousingPanic. Another declared: "If I only had been stupid or greedy instead then Uncle Sam would have my back."