Comments on: Proposed Federal Housing Rescue Plan a Taxpayer Funded Bailout for People Who Failed the Marshmallow Test http://blogs.newretirement.com/2008/02/22/federal-housing-rescue-plan-taxpayer-bailout/ Covering retirement, financial, tax and political topics relevant to people planning for or living in retirement Mon, 14 Sep 2009 19:03:57 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Leo http://blogs.newretirement.com/2008/02/22/federal-housing-rescue-plan-taxpayer-bailout/comment-page-1/#comment-349 Leo Sat, 01 Mar 2008 05:31:23 +0000 http://blogs.newretirement.com/2008/02/22/federal-housing-rescue-plan-taxpayer-bailout/#comment-349 Further support for not bailing out people who bought houses they couldn't afford. People who walk away from a debt that is greater than the asset backing up that debt are acting rationally - which explains why millions of people will probably walk from their houses over the next couple of years if housing prices continue declining. http://www.nytimes.com/2008/02/29/us/29walks.html Further support for not bailing out people who bought houses they couldn’t afford. People who walk away from a debt that is greater than the asset backing up that debt are acting rationally – which explains why millions of people will probably walk from their houses over the next couple of years if housing prices continue declining.

http://www.nytimes.com/2008/02/29/us/29walks.html

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