The second presidential debate was held earlier this week.  The only thing I heard that was a real alarm was John McCain and the 300 Billion Dollar housing bailout plan.  I thought this is what the FHA Secure mortgage plan was to address.  It is already on the table.  I do not think at this point we need to be bailing out homeowners that cannot pay their mortgage and having the taxpayer absorb huge losses.  I not really interest in raising my taxes just to pay for someone elses mortgage.  Who is going to help the rest of us.

Do Not Bailout The Housing Market, Stimulate Business Instead Continue Reading »