23 February 2009

FUBAR - New definition for a new era

Federal Undertaking (to) Bankrupt All Responsible (people)


This relates to all and any of us taxpayers who:

  • Did not refinance - despite sky high appraisals and industry "inducements"
  • Did not "cash out" the roof from our homes
  • Did not obligate ourselves to high interest consumer debt with the "free" proceeds
  • Are now forced to pay the same price as those who did


Anyone else? Open to suggestions...