Reader comments: Senate advances mortgage rescue
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Bob G | 6:36 a.m. July 8, 2008
Bail outs are not the way to fix our economy. They only prolong the issue that is inevitible and the bail outs are putting legislators in denial. Legislators should concentrate on new laws and regulations to control the economy, not feed it with more economic problems. There has yet to be any proof that any of the measures have helped home owners, it has all gone to the financial companies who have created the problems. These new funding programs will never help the homeowners when the homeowners don't even know who has title to their property. Then with multiple titles on a single property and one or both refusing to negotiate new loans how does this help the homeowner? Government should keep their noses out and let the economy repair itself, even if it means more financial companies fail or lose. The problem was not homeowner created and is the victim being held responsible for crooked loans and shuffling of debts by corporate america. The US government has to borrow this money to pass around so does it make sense to add debt to eliminate debt? Businesses must work it out without government intervention or aid.
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