Some folks are agitating to stop Congress from bailing out people with looming foreclosures:

All we hear these days is whining from reckless home borrowers and their banks.

But did you know that renters are 32 percent of American households? And that homes in foreclosure are less than 2 percent?

So why is Congress rushing to bailout high-flying borrowers and their lenders with our tax dollars?

For more: AngryRenter.com

There’s a guy starting a new website to encourage people to pull their money out of banks and save “under a mattress” as a way of stopping inflation. I wouldn’t necessarily recommend literally saving money in your mattress (as that is an obvious place to look for it), but he writes some interesting things about how our banking system works. Worth a read.

If there’s one refrain heard over and over again from homeowners struggling to fight foreclosure in the sub-prime mortgage crisis, it’s this:

“If I had any idea that the loan would turn out like this, I would have never signed it.”

Unfortunately, it is your responsibility to read the fine print on your own loans. If you don’t understand something, don’t sign it! Take some time to learn about money before committing to a big loan that you might not be able to pay back later. Otherwise, you open yourself up to be taken advantage of. Read more

I, more than anyone, understand that sometimes things happen that are outside your control and hit your finances. In my case, it was illness. And yet, as you read more and more articles on the housing bust, it’s clear that a lot of people don’t want to take responsibility for their own poor financial choices. Read more