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Updated over 17 years ago on . Most recent reply

Adam Anderson's profile image
Adam Anderson's profile image
Adam Anderson
  • General Contractor
  • from Midland, Texas
  • Member since Jan 5, 2008
Connect

User Stats

160
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24
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Adam Anderson's profile image
Adam Anderson's profile image
Adam Anderson
  • General Contractor
  • from Midland, Texas
  • Member since Jan 5, 2008
Connect
Adam Anderson
  • General Contractor
  • Midland, TX
24
Votes |
160
Posts
Real Estate News & Current Events

Mortgage Bailout Insanity

Adam Anderson
  • General Contractor
  • Midland, TX
Posted

Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court.

http://www.fool.com/news/associated-press/2007/12/12/house-committee-approves-mortgage-bankruptcy-measu.aspx

This would push mortgage rates up and make home ownership more difficult for most Americans. How is this a good idea?

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