Posted On: December 4, 2007, 1:20 pm CST

Posted By: Compman

Sorry Saints Fan, I do not agree with a govt bailout. Now as far as the negotiations to freeze the rates for 12 months for current up to date homeowner's, I say ok for that as it is not govt money. What is to stop these people from doing it again if they are bailed out. No pain, no gain. Plus, a lot of these forclosures are speculators and not from sub prime loans. Everybody thinks this whole forclosure issue is about sub-prime lending. Well, there is plenty of regular loans going bad too from people who just bought more house they could afford. They were betting on appreciation and the ability to flip the house because if they were going to keep it past 3 years, they knew perfectly well there payments would go up.