Oppose the Mortgage Lender Housing Bailout

Another savings & loan bailout? Another chrysler bailout? Why is our society being asked to subside predatory business practices and rampant speculation … again? Boom & bust economic cycles shouldn’t be encouraged by rewarding those that participate in the willfully risky behaviour that makes them happen. There’s a time for real and important economic assistance to people, and there’s times when it’s merely a way to reinforce inequity and merely a subsidy to industry masked as if it were assistance to individuals.


How about this: instead of bailing out another industry, let’s re-visit the bankruptcy laws and make personal bankruptcy a viable and functional option for people in need of protection, instead of making the process another captured regulation?