Subtle Rantings

In light of all the new legislation and other government bailout programs we’ve seen lately, I found a blog post that was echoed my sentiments exactly. JLP over at AllFinancialMatters discusses why we should let people and companies fail.

Seriously, what kind of fairyland do we live in when a person can take out a mortgage on a piece of property and then when things turn sour, get ANOTHER smaller more-favorable loan on that same property? Besides, who’s to say that these borrowers will be able to afford even these new loans? What then? Just give them the house?

Where does it end?

I couldn’t have said it any better, so I’m not going to try. Go check out the full article.

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