April 25, 2008

Backlash grows against the housing bailout

Why should American taxpayers have to pay to bailout reckless lenders and borrowers?


"A third of the American public rents," Brandon pointed out. "They're saying 'I've been saving for a mortgage for years. I could have jumped in on a subprime loan too. Now I'm going to have to pay for a government bailout."

Many CNNMoney.com readers agree, expressing outrage at the idea of seeing their taxes used to keep people in homes they never should have purchased.

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