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Bail out homeowners? Homeowners should pay price for their own errors
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Newspaper Article

Bail out homeowners? Homeowners should pay price for their own errors

BY Eric Bourgeois

A new survey by FreedomWorks, based in Washington, D.C., found that the majority of Americans oppose a mortgage bailout for subprime borrowers. I concur. I don't feel the government should bail out homeowners who made bad decisions regarding the interest rates on their mortgage or whether the homes they were buying were too expensive for them in the first place. The bottom line is that all that they are really losing is a house they can't afford. What is wrong with that? It sounds — well — reasonable.

12/07/2007