Despite the fact that Arkley made his fortune off of other people's misfortune, I think his supporter above makes some reasoned arguments. (Well, if you take out the "libs/commies" comment).
I see the Nally's issues, but they did make the decision to walk away from their home. That doesn't come without a price. They took a risk and it didn't pay off. It could have been worse. They still have their family, but they are broke and will have to rebuild. In the future, they will likely be more careful about those types of decisions. I'm just glad I live in a country where bankruptcy/foreclosure is an option. I'm also glad it's a painful one. I should know. I've went through a bankruptcy as a sole proprietor after my business went under. I too made some poor decisions and paid the price. I still had my family, and that was what was important to me. I've recovered and recently purchased a home eight years later. If the Nally's work hard, make some sacrafices and create a new life for themselves -- they will be able to do the same thing. There really isn't a villian here, but there is an opportunity to set aside all this acrimony and the blaming of banks, government and businesses and accept personal responsibility. No amount of blame will ease the economy out of recession or move the burden off the middle class. I hope the Nally's find some peace and are able to move on.
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Posted by
Not an Arkley lover
on 01/12/2012 at 3:17 PM
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Re: “The Debt Divide”
Despite the fact that Arkley made his fortune off of other people's misfortune, I think his supporter above makes some reasoned arguments. (Well, if you take out the "libs/commies" comment). I see the Nally's issues, but they did make the decision to walk away from their home. That doesn't come without a price. They took a risk and it didn't pay off. It could have been worse. They still have their family, but they are broke and will have to rebuild. In the future, they will likely be more careful about those types of decisions. I'm just glad I live in a country where bankruptcy/foreclosure is an option. I'm also glad it's a painful one. I should know. I've went through a bankruptcy as a sole proprietor after my business went under. I too made some poor decisions and paid the price. I still had my family, and that was what was important to me. I've recovered and recently purchased a home eight years later. If the Nally's work hard, make some sacrafices and create a new life for themselves -- they will be able to do the same thing. There really isn't a villian here, but there is an opportunity to set aside all this acrimony and the blaming of banks, government and businesses and accept personal responsibility. No amount of blame will ease the economy out of recession or move the burden off the middle class. I hope the Nally's find some peace and are able to move on.