The mortgage bailout proposed by the Treasury Secretary will just makes things worse in the future, explains Bill Fleckenstein at MSN’s Money Central. Similarly, John Markman has a column entitled “Homeowner Bailout Is A Lousy Idea.”
CEI’s John Berlau explained in a USA Today op ed how the bailout plan will “harm future borrowers” in the long run, as well as harm the economy and discourage investment. I earlier explained how the bailout is unfair and unjust.
[...] earlier explained why mortgage bailouts are a terrible idea here, here, here, here, here, here, and here. addthis_url = [...]