Saturday, November 17, 2007

Should the Government Bail Out Mortgage Companies



It is discussed that the federal government's involvement in the mortgage crisis may result in a bail-out. After the bankruptcy of hundreds of mortgage companies, the crisis continues and the effects are far reaching. What role the government will take in the mess is yet to be seen, but it should hold the companies who made the risky loans accountable. Some of the loans were simply ridiculous. Borrowers who had just completed bankruptcy were qualifying for new loans from greedy, predatory loan companies. It is not not the taxpayer's responsibility to bail them out. The extent of the aid from the government should be to prevent a disastrous domino effect from harming the economy further.

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