I understand that the economy is bad. But the fact is, if you make bad financial decisions, whether the economy is good or bad, they stick with you. Obviously, the players in this case made bad financial decisions. Times are tough for me too, have been tough for awhile, but you don't see my house in foreclosure. I don't think it's enough to say that it's okay that they have houses in foreclosure because the housing market has crashed. That's just another excuse for bad financial decisions years ago on their part. Not paying your mortgage is going to lead to foreclosure. Running up credit cards and keeping up with the Joneses is going to lead to foreclosure if you're not paying for your house.
I mean, how much money went to Baez for Caylee's pictures, I mean Casey's defense, and he didn't do the responsible thing and pay for his house? No, he spent too much time wanting to the be all time greatest Hispanic attorney in Florida instead. I am responsible person, and yes, I have debts, but I am working my butt off to get them paid, and I will guarantee you I will never have a house in foreclosure.
I am not saying there aren't innocent victims of the housing crash, but honestly, most people were living way beyond their means in houses they shouldn't have been able to afford in the first place. People need to take responsibility for their financial decisions and stop blaming the bank and the government for it.