Quote:
Originally Posted by jeffk
...I really get annoyed when people make foolish decisions and then the government pops in and wants to tax me to cover their mistakes. If you never have to cover your own bets why would ever stop gambling?  |
Amen. And today a massive foreclosure "rescue bill" (
I love the election-year labels) is on track for passage by the Senate. The plan would let the Federal Housing Administration back $300 billion in home loans for borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.
Translation: Too risky for seasoned lending professionals to loan them their money, but not too risky for our Senators to think it's a good idea to give them
our money.
