Bailout Con’t

by Steve on March 26, 2008


Some Americans bought homes they couldn’t afford, betting that rising prices would make it easier to refinance later at more affordable rates,” he said. Later he added that “any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren’t.


…direct federal intervention to help affected homeowners, including a $30 billion fund for states and communities to assist those at risk of foreclosure.


…has similarly called for greater federal involvement, including creation of a $10 billion relief package to prevent foreclosures.

I guess the choice is clear based on your personal finances. If you bet on the market and bit off more than you can now handle, vote for those inclined to reach down and pull you up. I tend to agree with McCain on this one.

More at NYT

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