Why the government is providing $ 300 billion in mortgage help?

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I do not get it. These people bought houses they could not giant afford, knowing that their interest free loan would perhaps jump after 3 years and double its mortgage lending. Why is my tax dollars to escape these people and pay their mortgages? I’m smart enough to know that I do not just a house right now so I rent – it does not seem fair at all

2 Comments
  1. Reply
    Biggie @ Arbor Mortgage
    May 15, 2011 at 1:31 am

    It is not going to the people, it is going to the lenders. Most of these people will lose their homes, because they do not qualify to get “bailed out”.

  2. Reply
    linlyons
    May 15, 2011 at 1:34 am

    and surely you want to bail out the banks who lied to those people and made loans they knew couldn’t be paid.
    i mean, that’s what capitalism is about, isn’t it.
    all the capital goes to the rich.

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