Monday, September 22, 2008

Mortgage Woes

I know we've all done things with our money we regret. We all spend more than we have sometimes but at the end of the day the only person to blame for our money problems is ourself.

I'm still not sure how I feel about the government bailouts of the mortgage industry. I don't want to see the economy fall so far that it takes decades to fix itself. I also don't want to pump money into an economy so fast that it devalues everything I work for.

It makes me want to beat those who took advantage of those who had no idea what they where getting themselves into. I also want to beat those that took on to much debt at to great a cost. Everyone should be held accountable.

The optimist comes out in me looking at the markets and I see them rebounding and things getting better. So with that said I'll keep pumping money into my 401k with no positive increase. At least I've got 40 years till I can cash it out.

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