I don't think (I know many of you will stop reading right there and say, "Yup he got that right.  ") the banks should be bailed out. With that said I think it will happen. What I think should be done, if they are going to do anything, is instead of freezing the interest rates allow for a small increases, say less than 1 or 2%. By doing this it allows the government to not be completely on the hook for foolish buyers and allows the buyer's to feel some of the pain without fully holding them responsible.
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
|