Mortgage Buy Out Will Not Work
October 9, 2011 by admin
Filed under mortgages, real estate info
Originally posted 2009-03-29 05:04:32. Republished by Blog Post Promoter
With the bottom not in sight according to Scott Pelley’s report, the government’s mortgage buyout will not work.
The question becomes why are we spending this money on bail out the mortgage companies. Some believe it is to unfreeze the lending institution so they will lend. I believe that bailing the mortgage companies out by giving more money to a continuing problem creates an inflation bubble that will take over 10 to 15 years to get out of. So beware before you say yes to another bail out.
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