@Sunflower 177881 wrote:
I vote no.
I want someone to pay my mortgage too! Most of these people where trying to live beyond their means so why should tax payers pay them for being stupid?
Think how many millions of taxpayers have a mortgage.
The taxpayer money the government spent to bail out bear sterns could have assissted how many millions of famalies?
Like Obama said last night, “economics from the bottom up”.
And another thing… You say people are at fault for biting off more than they can chew…
A lot of people simply don’t realize how many times over they are paying for the same house because of the interest charges associated with a mortgage. But the greedy bankers sure know… Lower interest rates would lead to fewer defaults. That’s one area where regulation is needed.