Updated over 17 years ago on . Most recent reply
Mortgage Bailout Insanity
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?