Why should taxpayers be responsible for bailing out all of these sub-prime mortgage loans?

The housing boom and bust wouldn%26#039;t happen if it wasn%26#039;t for irresponsible lending and borrowing practices.

Too many lenders %26quot;fudged%26quot; the books.They made lots of money brokering mortgages to people that would%26#039;ve never qualified for traditional home loans.But since there was suddenly three times as many families who %26quot;qualified%26quot; for home loans the supply of homes didn%26#039;t meet demand.SO what happens? The law of supply and demand takes over , and home prices go through the roof! But the lenders kept lending to more people for homes they don%26#039;t reasonably qualify for at higher prices.Meanwhile...people who%26#039;ve been saving for years to buy a home (the right way!) suddenly see housing prices rise beyond their budget.

Now all the people who%26#039;ve been riding the gravy train want to cry about the mess they%26#039;re in! People like me (who%26#039;ve been saving responsibly , and stayed away from this questionable market) are now left wondering about our future , and why we

are supossed to bail these folks out!

Why should taxpayers be responsible for bailing out all of these sub-prime mortgage loans?loans uk

There is absolutely no reason why our tax money should go to bailing out corporations. Let the system of Capitalism we have work itself out. That%26#039;s the great thing about Capitalism...it%26#039;s self correcting. If these companies go out of business becuase of decisions made by the management- so be it. They wont be around in the future. Just ask Country Wide...after BofA completes their purchase...CountryWide will be no more.

Why should taxpayers be responsible for bailing out all of these sub-prime mortgage loans? loan

I agree %26amp; cannot find a reason why my tax $ should pay for this. I feel your pain.|||I agree with you. I think they should take their losses and learn their lessons.|||Because they will go away.

They will go into other areas with their money

and they will bring that down also.

Most rich people buy things to fail.

So they can write their failures off.

So let%26#039;s just keep an eye on those scoundrels in one

place.

You see if they just settle for a lower return and

give

the people with sour credit loans to purchase homes.

This will still keep the industry going and the buyers could

afford to pay their mortgages.

But oh nooooooo they want 14% from a bad credit person.

It makes more sense to charge them less, so they can pay.

Not more!

If most can pay rent. It is safe to say that They can pay a reasonable low paying interest rate also.

But the Investors are greedy greedy greedy!

If they made it not a tax shelter with losses as

a deduction. They%26#039;d stop! This is call a tax break.

Regular folks don%26#039;t get this kind of tax break. We

just get Broke!|||I agree with you also.Except this is a Very Political question.

I know that poeple that %26quot;flip%26quot; houses should not be bailed out.

They don%26#039;t allow me to %26quot;writeoff%26quot; all my %26quot;bad stock trades in any particular year.|||okay that was interesting....

question. Give me one case? Just one... that one penny of tax payers dollars bailed anybody out of this subprime mess.....

Oh wait you cant. Its never happend. Study before you make comments. Or give sources before you state things that arent fact.|||We shouldn%26#039;t. My parents taught us never buy anything you couldn%26#039;t afford. Period.