Econ 101: The Problem with Bailouts
Bailing out a bum sector of the economy - with my money and yours - sends the message that people can do whatever they want without consequences. And that idea is how the mortgage problem started.
RELATED:
Bush Plan to Help Homeowners Called Problematic
Given the instability in mortgage markets, President George W. Bush asked Congress to pass legislation to aid some homeowners struggling with their mortgages, but critics say the plan does not address the cause of the problem...
Bailing out a bum sector of the economy - with my money and yours - sends the message that people can do whatever they want without consequences. And that idea is how the mortgage problem started.
RELATED:
Bush Plan to Help Homeowners Called Problematic
Given the instability in mortgage markets, President George W. Bush asked Congress to pass legislation to aid some homeowners struggling with their mortgages, but critics say the plan does not address the cause of the problem...
posted by HeavyHanded at
5:36 PM
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