Should the Government bail these greedy people out of the housing market because they took out risky loans?

Answer 1

There is nothing greedy about wanting to own a home. Most of the people in crisis now over mortgage loans are first time homeowners that should have been better educated about purchasing options.

They were trying to get their piece of the American Dream and I for one say that there is nothing wrong with that. We have social programs that give money to individuals that do not, and will not work. So why shouldn't we help our working families get out of this crisis.

America has seemed to have forgotten about the working class (middle class). Not only do the poor need help and the rich need tax cuts; the working class people need help as well...Just my thoughts

Answer 2

Do you know how much money we are freely giving out to many other countries, some who are not even an asset?

So why is it bad to give those here who are having a hard time some slack? Remember that nice little gesture of out-sourcing thousands of jobs? Maybe there is more of an underlying reason some are losing their prize possessions beside being 'greedy'!

Answer 3

This is a sticky wicket. If they can restructure the loans on a one time basis, then everyone wins. The neighborhood has one less house on the market and they retain their value, the builders don't go out of business, the inspectors don't lose their jobs, the mortgage companies keep their loans but don't make as much money but they also don't have to add yet another home to their inventory of homes they can't sell. In the bigger scheme of things it is wise to help them out, but if they are looking to just get something for nothing, then screw them and let them and their credit rot.

Answer 4

Of course not, it is a risk everyone takes when trying to invest their monies in ANY endeavor. Simply taxpayers monies is being spent on more of those who have it then on those whom don't. This will be no different then the current corporate welfare system in place right now, where our government is bailing out huge corporations from going bankrupt. I don't support both of the aforementioned in my response.

Answer 5

Oh hey, my dad was just talking to me about this earlier. But what a great question... and if I had more time to think about it would probably change my mind but anyway right now, Im thinking its ignorant not greedy people who made these loans, and I think they should be given another chance. I think the government needs to acknowledge the overwhelming debt in this country, its not cool when around 50% of the middle class is in debt

Answer 6

i look at it as a bail for the lender as well. they are greedy as well. i am inundated by calls for refi's. i have a 15 year fixed at a nice rate with a bi-weekly payment, yet countrywide, wanted me to take an arm at 9.5 to consolidate a few other loans. they bothered us constantly. we still get mail from them weekly.

Answer 7

If we do so much for illegal aliens in America why shouldn't we help Americans who literally put their feet in it? Should we give illegals everything they want and need and cut out Americans who paid taxes and adhered to the law? These Americans need our help. We should help them and to hell with the Mexicanos who are here against the law. Americans come first.

Answer 8

i agree with the above poster, but what does being a marine have anything to do with mortgage loans?

Answer 9

...absolutely not, however, when "she" is elected, relax..."we" will have government hand outs, bail-outs, free everything... The "mommy fix" government will take care of you... (God forbid)....