No level of government should be bailing out anybody.
That’s true, but it’s our money. If there is a bailout it should start with taxpayers. We were ripped off by dishonest realtors, appraisers, the feds programs promoting housing as the Ameican dream, and financial institutions. Call it a bubble if you like. I call it a scam, and I expect the government to take over all housing and redistribute it to the poor and minorities.