May
16
Financial crisis. When a mortgage loan defaults, the homeowner looses whatever equity it has in the property?
By
If the government buys from the bank that mortgage loan, shouldn’t the bank share in whatever loss takes place.
Why should the taxpayer absorb the entire loss?
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2 Comments
May 17th, 2009 at 11:07 pm
Who wants a million dollar home that should have never been built in the first place?
May 20th, 2009 at 10:56 am
The answer is yes, the bank should. But guess what, It ain’t.
And no. The taxpayer should not pay any of it,
The bankers took a risk in making these loans and now are going to be taken care to by Bush and Company.
Some want to call this socialism, but let’s call it what it really is, Fascism! (Control of the government by private business)