The mortgage bailout is a bad idea.?

Question

Your opinion?

Answer 1

It's a good idea.

Answer 2

Probably is.... granted much of the blame should be laid at the feet of the lenders, but no one should just get handouts for mismanaging their money.

I mean, come on here, I bought a house I could afford.... I didn't let some real estate agent and bank person talk me into something I wouldn't be able to pay for if my income decreased a few years later. Just because someone is willing to loan you gobs of money doesn't mean its a good idea to take it.

The same goes for the governments tendency to take the budget so far into the red because now we are going to have to pay for that.

Answer 3

Amazing how fast a charlatan can jump from "privatize, privatize" to "the government needs to take control of these corporations" and fund them with my money of course.

Answer 4

It's a travesty. Greedy lenders and greedier home-buyers should not be bailed out with MY tax dollars! Plus, they made it almost impossible for ME to get a mortgage on a modest little home that I could actually afford! I had to jump through hoops you wouldn't believe because those dumbasses ruined it for everybody trying to buy a house now.

Answer 5

Like the cuts in the FED's rates, it will not trickle down to the people paying the taxes. It will save investors and corporations, not families.

Answer 6

People need to spend and get indebted wisely.

A bailout will not help. Education will.