Bankruptcy laws to cover sub-prime mortgages?

[lniles]

Wow! Yet another push for legislation to bail out sub prime buyers.

http://www.marketwatch.com/news/story/Story.aspx?guid={0590BD12-98B0-475D-8991-9F7597ECEF82}

[PerryChase]

Actually, I’m all for changing the law to allow to subprime borrowers to walk-away from their mortgages in bankruptcy.

I’m all for letting the lenders hold the bag. That’ll teach them not to lend willy nilly again.

But no taxpayer money to the borrowers or lenders.

[LookoutBelow]

I agree 100% Perry…Let the pissed off chinese that bought all that MBS junk they are wallowing in now, and also let them demand Wall Street's head on a platter…..The problem was/is Wall street crooks making a market for non scrupulous lending from sub prime scam artists…

 

No govt bailout. 

[Author]

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