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| American Home Mortgage Files Bankruptcy |
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AP |
"Greenspan created this mess by going to the extreme by lowering over night rates to 1% a few years ago! Banks and homebuyers made choices about these loans and they should not be bailed out! As my dad told me, 'you make your bed, you lay in it!'"
-- Dan B., Washington
"Absolutely not! Banks and mortgage brokers made money hand over fist and homebuyers bought homes they knew they could not afford.
-- PJ, New Jersey
"Can I make a bad stock trade and get bailed out by the government? Can I buy a McMansion and get bailed out by the government?"
-- Jack P., New York
"I'd prefer to see the Fed cut rates rather than have the government directly bail out anyone."
-- Jim L., Missouri
"Absolutely not! If lenders are dumb enough to make those loans, they should suffer the consequences and we (the taxpayers) should not be the ones to pay."
-- Clayton L, California
"No! This is a problem generated by market actions and it should be solved by the market. Keep the Government out of the market."
-- Reagan G., Texas
"No. Each contract was signed on case-by-case basis. The risks were disclosed to the individual and assumed by the companies involved. Unless the process was proven to be against any laws or done with intent to defraud or mislead, the government should take no action."
-- F.K.
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