Stop the madness! This article is beyond belief: an attempt by President Bush to manipulate the economy and reward bad behavior. A bailout would further weaken the economy and set the worst sort of precedent politically -- that there are consequences for poor decisions and ill informed actions. To reiterate: a mortgage bailout, the kind Bush wants to sign, smacks of cronyism, secret deals and just plain ignorance.
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December 2007
December 06, 2007
December 05, 2007
No Bailouts!
Check out this article from Reuters: it's must reading! We should not be in the business of bailing out bad loans or bad investors. Whatever happened to personal responsibility and market economics? Is this how the government should operate? The President’s proposal is a price fixing scheme, and fundamentally unfair to those who play by the rules and pay their monthly mortgages on time. It’s also a slippery slope that will encourage additional mortgage defaults if people think they can get in on the gravy train.
