Let’s hope the government does not cave in on this. Sure, there are some families that are going to be left without homes, but that is what we have bankruptcy laws for. It would be too easy to take advantage of the situation if Uncle Sam wrote a blank check to clear these debts. Not to mention the fact that, people such as myself who cannot afford a house would end up paying (via taxes) for these mortage defaults. Sounds very ironic to me.
Latest tally on the vote:
1. Should subprime borrowers be bailed out?
Yes 7%
No 93%
