Now, who is really stupid?
The renters who did not take ARM loans and continued to rent have been telling us how smart they are and how stupid are those (presumably) struggling homeowners who got into these loans. OK, if you're so smart, why are you paying your tax dollars to those who are stupid? The Paulson bailout has its cost, which somebody will be paying, and obviously, it's won't be the homeowners who are getting bailed out. Keep renting, wait untill you're priced out of the housing market and then get fleeced by the Federal Government to help homeowners price you out still further - now, that's really smart!