I just read the following:

  One of the suggestions Bernanke made was for mortgage and other financial companies to reduce the amount of the loan to provide relief to a struggling owner. "Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure," Bernanke said.   Among other things, I just have to vent.  I am sooooo sick of hearing all the discussion of how we can bail out these morons.  You want to lower rates?  Fine.  Play with taxes?  Whatever.  But if I hear one more a$$hole suggest we reward these idiots for the stupid decisions they've made, I'm absolutely going to puke.   I've been b*tching about "the American way" for 5 years now.  Take my town, an Anytown, USA type of place (15K people, 25K when the local college is in...not depressed, not affluent, just average)...go back 10 or 15 years, and if you saw a Mercedes, or a 3,000 sq. ft. house, you knew it was a doctor/lawyer/businessman/etc.  Seeing luxury goods was rare, because the only people that had them were the people that..well, could afford them.   Fast forward to today; same Anywhere, USA town...if you are in one of the dozen local developments, and your home isn't 2,500 sq. ft., you are the "poor guy."  Drive down Main Street, and see a Navigator, Escalade, 3/5-Series, SLK's, GALORE.  Where do these sh*tstains work?  Did we have an influx of Docs & lawyers over the past decade?  He|| no!  These are your average Joe Blows...would have driven a Corolla and a Ranger in the 90's...the husband works at the local carpet factory, and the wife is a receptionist at the university, etc.  Everyone has to be a "baller" -- well this is what you get.  I swear to god, I'm going to be so pi$$ed if they try and bail these a-holes out.  I hope every one of these idiots with negative home equity after 5-10 years of "ownership," 10K, 20K, 30K+ in 20% interest debt to AMEX, and a pair of 84 month car loans on Bimmers they never really could afford, end up on the street.  Heartless?  Maybe.  I'm just sick of being surrounded by idiots.  F*ck'm.  I'm going back to work.