I’m kinda ok with the lenders bailing them out, cause I know it can’t really work and the losses will still be felt, but I have a huge problem with a taxpayer based bail out, or any sort of gov. bailout. This is a lender/lendee issue an that is it. It is mainly the lendee’s responsibility to know the terms of their loan before they sign.
We need to stop the f’n pitty party for these people. As said before, no one who used one of these loans for profit is complaining.
say NO to a gov. sponsored FDIC type insurance policy for homeowners or lenders though!
