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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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From: ravenseye	11/12/2007 10:42:27 AM
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The injustice of "doing something" about subprime By Alex Epstein web posted November 12, 2007 As we witness large numbers of defaults on subprime loans -- loans extended to those with no credit or bad credit -- many are calling for the government to do something to stop the suffering. At the same time, many recognize that a bailout of struggling homeowners would be wrong. Thus, we see a growing list of proposed solutions that purport to save the day without a bailout: "borrower assistance" programs to refinance defaulting mortgages, crackdowns on "predatory lending" practices, or laws restricting mortgages the government deems too risky. In fact, regardless of how these proposals are described, all embody the essence of a bailout: they absolve individuals of responsibility for their bad decisions -- and force those who did nothing wrong to pay the price.... enterstageright.com

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