User 162458

UBS: U.S. Bailout for Homeowners Will Arrive by October

Before we allow our government to pass some tax-payer supported bailout of housing, which will most likely take the form of tax payer purchase or guarantee of mortgage debt, we should demand that every penny that these financial firms and investment banks paid in payroll bonuses over the past three years be taxed retroactively and placed into a special bailout fund in the first loss position. Let's see how badly these firms really want a bailout if it’s their money that has to help.