Monday, March 5, 2012

Administration Bailing out Housing Speculators

If this is not a slap in the face to all Americans that bought a home they can afford and continue to make their monthly mortgage payments during a rough economy, I am not sure what is.

DC has decided to allow for landlords to qualify for up to four federally-subsidized loan workouts starting in May. Many of these landlords gambled on rising home prices and lost and therefore running up the prices of homes before the bubble. NOW, the Obama administration is bailing them out??

If that is the case, why not bail out speculators that buy stocks and lost money during the recession? Where does this bailout mentality end??

At some point in time we must take responsibility for our actions and not rely on the government to continually bail out speculators and gamblers. This hurts the honest, hard-working Americans the most!

Here is a link to the article:


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