" . . . to bail out those who lived outside their means trying to "have it all". I and any others "in my boat" are now paying for the irresponsible ones."
It wasn't your greedy neighbors who have taken advantage of you, but policy-makers and profit-takers.
"Such a country would be more stable, Bush argued, and more prosperous. 'America is a stronger country every single time a family moves into a home of their own,' he said in October 2004. To achieve his vision, Bush pushed new policies encouraging homeownership, like the 'zero-down-payment initiative,' which was much as it soundsa government-sponsored program that allowed people to get mortgages without a down payment. More exotic mortgages followed, including ones with no monthly payments for the first two years. Other mortgages required no documentation other than the say-so of the borrower. Absurd though these all were, they paled in comparison to the financial innovations that grew out of the mortgagesderivatives built on other derivatives, packaged and repackaged until no one could identify what they contained and how much they were, in fact, worth."
http://www.thedailybeast.com/newsweek/2008/10/10/end-of-the-ownership-society.html 
