Save the endangered American saver by opposing any housing bailout.
"Millions for Defense, Not One Cent for Tribute"
--The battle cry of Americans rejecting 18th-Century extortion.
Bailout Escalation for Bean Town
Foreclosures in Massachusetts have almost doubled in the past year. The Massachusetts state government already has been making phone calls on behalf of delinquent home borrowers to change the terms of mortgage contracts. Now, the Massachusetts Division of Banks further increases moral hazard by seeking a 2-month financial vacation for home-mortgage delinquents.
J at IHB and HFF
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