What about those who have been dutifully saving during the recent run up in house prices and are waiting for a housing market crash prior to making a responsible investment? Such a policy would punish them.
No bail-outs for anyone- banks or homeowners. I say let the market sort this out.
16 posted on 12/02/2007 6:55:55 PM PST by Rockitz
(This isn't rocket science- Follow the money and you'll find the truth.)