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  • The Free Lunch Approach to Finance [View article]
    This is purely another way for American taxpayers to pay for the mistakes made by the financial industry in giving out loans with inadequate due diligence. I'd bet that the vast majority of the mortgage holders looking at foreclosure would be willing to take personal responsibility. What is driving this is the financial industry looking for more money to fund their obscene bonuses and salaries.

    The financial guys have figured out that if you package this as relief to homeowners and consumers they will have a far greater likelihood of success. That is true, up until the point where people see through their game.

    Say NO to corporate bailouts.
    Nov 05 17:40 pm |Rating: +1 0
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