Thursday, February 19, 2009

Mortgage Bailout II

The President seems concerned with those people with mortgages higher than the current market value of their homes (or second and vacation homes). Most responsible people who borrow money think they should pay it back and do not go to their neighbors for help.

People who were frugal and have saved for the future have investments that cost more than they are now worth. Maybe the government should make them whole too.

Come to think of it, no one is left to pay for this.

No comments:

Post a Comment