My brother, who has a good credit score, a full time job that he's worked at since 2002, and whose only loan is his mortgage, just went to the bank to get a car loan. He was turned down because he didn't have enough liquidity. He laughed and told the bank that if he had more cash, he wouldn't need to borrow money for a car! He was trying to borrow $15 k to replace his 12 yr old car.
This leads me to wonder--didn't billions of our tax dollars go to bail out the banks that were too big to fail? If that is true, why are we paying our mortgages/loans? If I borrow $100 from my friend $100, and later my friend borrows $200 from me, I would consider my $100 debt paid. So then why am I paying my home loan? If enough Americans stopped paying their mortgages, maybe we could end the existence of big banks. Didn't the rebels stop paying taxes to the British government before the start of the American Revolution? Should we start protesting in this manner too?