More Consumers Oppose The Mortgage Bailout
American taxpayers are asking why they are being made responsible to a bailout of reckless lenders and borrowers. One website, Angryrenter.com, was recently implemented to demand that Congress not pass any bailout programs that reward risky borrowing and lending.
StoptheHousingBailout.com is another new site devoted to the bailout backlash. “I just got really angry,” said blogger Morgan Ward Doran, an L.A.-based attorney who isn’t professional involved with the housing industry. “Everyone I hear from is against the bailouts.” Doran argues that lenders, brokers and home builders all made huge profits by overbuilding houses pushing through poorly underwritten loans, and now they want taxpayers to cushion their fall.
search for : Angryrenter.com, StoptheHousingBailout.com
