The U.S. government is working to develop several different programs meant to stave off foreclosures. Although policymakers claim that these programs are for struggling mortgage borrowers, it is obvious that the real goal is to bail out mortgage lenders. The question is: do reckless lenders deserve to be rescued?
Wednesday, January 16, 2008
Mortgage Lenders Do Not Deserve to Be Rescued By Tax-Payers
The U.S. government is working to develop several different programs meant to stave off foreclosures. Although policymakers claim that these programs are for struggling mortgage borrowers, it is obvious that the real goal is to bail out mortgage lenders. The question is: do reckless lenders deserve to be rescued?
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