Investigating Possible Fraud (Fannie, Freddie, Lehman, etc.)

[Kevin]

The interesting thing about bailing out homeowners is that by doing so, Democrats are actually hurting millions of the lower-income folks who are not dumb with their money. If all of these bad loans were allowed to go into foreclosure, real estate, especially crappy real-estate could be bought for a song allowing credit-worthy low income people to be able to finally afford housing which would not require federal assistance.

We need to let the damn markets work.

But since that ain't happening, I prefer to go for one extreme or the other. The way it looks right now, the banks will come out of this smelling like a rose having all of the benefits of federal assistance and very little in the way of new regulation put in place to make sure this doesn't happen again.

As for adding mortage holder bailout to the bill, I hope it's just an election year stunt. I really, really do.