World-News

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Bailout must address the foreclosure crisis

Boston Globe

09/24/08

Congress and the Bush administration must address the underlying issue in the financial crisis — foreclosures. The only real solution is to restructure mortgages based on what the homeowners can afford. This solution can be achieved on scale with little or no taxpayer money. … We have trusted the government before and are still paying the price in Iraq. Now Congress is ready to support it on a second request for a blank check. It is unacceptable to provide such a huge amount of taxpayer money to be used under the sole discretion of decisionmakers who use the ‘idiot’ defense...

http://tinyurl.com/47hajg


Informant: Thomas L. Knapp



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