I just caught thirty seconds of Good Morning America, featuring Jane So-And-So who is “a recent VICTIM of falling home prices” because she (GASP!) had to lower the price of her home to less than she paid for it.
She’s not responsible for her free decision to pay more for her house than it was worth, nor is she accountable for the consequences. No, the poor thing was victimized by evil forces beyond her control or foresight.
Look for the “underwater homeowners are victims” meme to get ever-wider play in the press. The mortgage scams are unfortunate and reprehensible, but news about them will be pressed into service and made to fit the socialist agenda as well.
The thread is a heads up on rescue scams.
Yeah if I bought a stock at $50 and the next day it goes down to $45 I’m a victim too. What’s always interesting to me is that the same people who are so eager to proclaim victim status when something goes down are only to happy to laugh all the way to the bank when something goes up. You’d think they’d be sorry for the poor bloke that sold them the underpriced asset and wanting to cut them in for a share of the profits. But you almost never see this happen.