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See the Question of the Day ArchiveCNBC.com Question of The Day
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Aug.06
10:33 AM ET
Monday, 6 Aug 2007
Should the government be bailing out anyone in the subprime mess?

"A big no on this one. Let the subprime market shake itself out and let some of those mortgage companies who charge homeowners outlandish rates to go bankrupt. The government should only bail out an industry or sector if it's in real serious trouble. The mortgage lenders who take advantage of homeowners don't deserve to be bailed out at all."
-- Chuck H., Mississippi

"The lending market would take care of itself in a free market environment. The Fed was imprudent to lower rates as much as they did which opened the door for irresponsible lenders and unqualified borrowers. Since we are at their mercy, the best thing Bernanke and the fed board could do is drop the rate a half point on Tuesday if those well-fed Fed board members have any hearts left in them. That would save a lot of personal troubles and suffering nationwide. The Government bailing out the mortgage industry is just more unilateral and unfair wealth redistribution at taxpayers expense. I say no way."     
-- Scott, Minnesota

"The government is the reason we have the subprime mess in the first place. Of course we should not let them intervene now. If they had not run amok with so many plans allowing unqualified or poorly qualified borrowers in the first place we wouldn't be in this mess now."
-- Tom, Hawaii

"No, the government should not bail them out. Did the government bail out all the carpenters, plumbers, tillers, welders that the illegal immigrants put out of work? No, no one on Wall Street cared. So I think the Bear sterns employees should have their salaries cut and give back their bonuses. The rest of us should not have to pay to bail them out."
-- Nancy M., Texas



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