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Subprime Bailout Backlas

By Art C Ryter at 10/12/07 02:00

Highlights the rising backlash against any form of bailout being proposed to help people avoid foreclosure. The subprime mortgage mess has unleashed a lot of support for homeowners who might lose their home due to rising interest rates. But people who were playing it safe and did not get into the market were/are hoping that prices will come down to reasonable levels. If there is a bailout or some other way to help people avoid foreclosure, maybe through refinancing, many prospective buyers are not going to be happy.

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