A periodic blog dedicated to providing commentary and encouraging debate on topics in Economics and Finance.

About Me

Age: 26 Occupation: Private Equity

Wednesday, April 16, 2008

OPPOSE THE HOUSING BAILOUT

Take a moment from your day and oppose the coming housing bailout by clicking here. None of us, especially those paying our mortgages on time or who avoided taking out mortgages we couldn't afford altogether and rented, wants to be rewarded for our good behavior by paying for other people to remain in their mansions.

It's simple... it's just the wrong thing to do, even setting aside the fact that a bailout won't work.

-eternitus

1 comment:

dxm113 said...

I came across the following quote today, and I thought I'd share:

Alan Greenspan, chairman of the Fed during the housing boom, "owes the U.S. an apology for letting the mortgage market get so out of control, particularly when he saw housing prices skyrocketing," says Anthony Sanders, professor of finance and real estate at Arizona State University.