Upcoming Foreclosures

What is a reason why the government should bailout foreclosures?

(The answer must be yes.)

Public Comments

1. At first, I was for it. After having some time to digest it and see how it's unfolding (and EXPANDING in costs!)..... I'm convinced that bailing out the banks is ABSOLUTELY WRONG. The CLAIM is that mortgages were made to people who didn't repay them. Considering the CORRUPTION (and the fact that Frank, Dodd, Kerry, Obama, and Clinton are still there) I think the ONLY solution IF there must be a "bail out" is to send the $800 Billion to the tax payers and let US repay the loans and get us out of debt and start spending again. Paying the tax payer is the ONLY way to put the money back where it needs to be.... back in the "loan coffers" of lending institutions, and its OUR money so let us have some "bail out" too!
2. none
3. They shouldn't. It is a fact that some people should not own a home. Owning a home takes personal responsibility and requires at least a basic knowledge of finances and mortgages. Many of the people who would be bailed out were given mortgages where they financed up to 105% of the home value, had no proof of income, and had poor credit. What better recipe for disaster could you come up with. If you bail these people out it will only be a matter of time before they are up to their neck in credit card debt or new car debt, or home equity loan debt. It is not the people who lost their jobs, and got behind on their mortgages, it is all the people who bought more house than they could afford and financed the whole thing.
4. We the people (a.k.a. the government) should bail out the average person who got ponzied or suckered by the greed of big financial institutions. We, the middle-class taxpayers, should not be bailing out the wealthy.
5. They should because wall street go these people thinking they can afford these homes and in reality they can't.