Backlash grows against the housing bailout

CNN Money ^ | 4-23-2008 | Les Christie

[gathersnomoss]

I agree with CNN for once.

[Mr. Jeeves]

Why should American taxpayers have to pay to bailout reckless lenders and borrowers?

Because the health of their own 401K's depends on it. Let the lenders take the heat they deserve and the whole economic shell game collapses.

[arderkrag]

Signed. Things are reaching a fever pitch out there.

[arderkrag]

Take a hit. Withdraw the funds, hoard them until after the collapse, and sift through the rubble for something worthwhile.

[xzins]

Not to mention those who were simply trying to flip houses for a profit as the market rose.

Why should I pay because they lost a bet on what the market would do?

[GodGunsGuts]

...

[RC2]

Look folks....If Chase gets into trouble on this, have you figured out what family own Chase and what position they hold in the government?

[Girlene]

American taxpayers are flipping off the flippers.

[getsoutalive]

Let the lenders take the heat they deserve and the whole economic shell game collapses.

As it eventually must. Better to take the punishment now, than postpone it and make it worse for later.

[Cicero]

The political morons who now want to bail everyone out are the same morons who eased regulations and encouraged/required lenders to lend to substandard borrowers and urban minority borrowers. “It’s fer the poor,” they said.

[knittnmom]

Hmmm. I’m just guessing here - are they Democrats? With one president in the family, and a swimmer?

[2banana]

It is the liberal war on savers and those who take personal responsibility...

[Lurker]

Because the health of their own 401K's depends on it.

Bull.

L

[EagleUSA]

Why should American taxpayers have to pay to bailout reckless lenders and borrowers?
::::::
They/we should not. Just because some poorly-managed banks are willing to give money to people who cannot pay it back, should not be our problem. If responsiblity in lending, and corporate business in general, is no longer a requirement for success or failure, then our whole capitalist system will collapse.

Accountability in government and business is a must.

[Vet_6780]

The upcoming rebate checks have created $150 billion of new govt debt. This has caused the dollar to drop and gas prices to zoom to the tune of $200 billion and counting.

"We are from the govt and we are here to help"

[clilly54]

Signed too. Almost 6,00 signatures, and growing fast.Surprised CNN did the story.

[clee1]

If responsibility in lending, and corporate business in general, is no longer a requirement for success or failure, then our whole capitalist system will collapse.

And THAT, FRiend, is the entire plan.

[Night Hides Not]

Because the health of their own 401K's depends on it.

You may be right, but the bailout was made on behalf of state and local governments.

Property taxes are going to decline at least 10% due to the current decline in appraisal values. The next several years are going to be interesting to watch in that regard.

[PGR88]

it’s just mindless politicians, and their idiot staff who once again, by watching MSM 24 hours per day to supposedly guage the political climate, are trying to show they are “doing something” no matter how ridiculous.