Head or Gut, pt III(a)

I see that there’re others out there who think the same as I do.  Let’s hope that they keep watch, since they’re actually in a position to do something about it:

“I applaud the president for his commitment to help keep American families in their homes. However, I strongly urge him to ensure that borrowers and lenders who made bad decisions are not rewarded at the expense of the more than 90 percent of working-class American families that are still making their mortgage payments without government assistance.”

For the record, this is part of what Obama said earlier today: “It will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans. It will not help speculators who took risky bets on a rising market and bought homes not to live in but to sell. It will not help dishonest lenders who acted irresponsibly, distorting the facts and dismissing the fine print at the expense of buyers who didn’t know better. And it will not reward folks who bought homes they knew from the beginning they would never be able to afford. So I just want to make this clear: This plan will not save every home.”

(From The Birmingham News)

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