Government bailouts, out of control!
Posted on September 11th, 2007 by Jeffrey Posner
What is wrong with this country? Now the government has decided to enable Fannie Mae and Freddie Mac to bail out homeowners. Uncle Sam is not responsible for buyers who over extended themselves. The market needs to let this play out and unfortunately people need to get hurt for this correction to work. The proposed government bailouts are nothing more than temporary solutions, while at the same time telling the public its ok to screw up and not read what you sign.
Come on people.. if you are old enough to sign a legal document, then you need to be responsible enough to read what you sign! Ever here of the saying “Buyer beware”?
Tags: government, Market Watch
Well said.