Seriously, any plan to bail these people out had better include a test to prove that they were hoodwinked by their mortgage broker. Otherwise, they gambled and they lost. Lots of people bought homes and did what it took to make their payments, and did make their payments, and others opted not to buy at all until the market settled down. We should not be bailing people out for being idiots, or for trying to make a fast buck, especially when it means the rest of us will now have to pay more for OUR next home as a result of this bail out. Where’s the plan to reimburse the rest of us for not being idiots? Once again, always have a plan to help the rich, the poor, or the stupid. Never a plan to help the rest of us.
Let’s deal with the stupid first. What the hell do the poor have to do with the home mortgage crisis? Even with the ridiculous loans, the poor weren’t getting any (maybe people on the low end of middle class, but not the poor).
Onto the immoral. Most value systems, religious or otherwise (other than Ayn Randism), emphasize helping the needy. There is a fundamental difference between helping the rich, who possess more power and wealth than most, and the poor and downtrodden. If you do not understand this, then you are a broken person.
Aravosis has done this before, and his unwarranted outburst of rage at the poor represents the dark side of populism.
With ‘progressives’ like this, who needs Republicans?