Government should get out of the markets

• Should the government bail out housing? No.
• Should the government bail out the financial institutions? No.

Has everyone forgotten that this is a capitalist society? Anyone who bought a house in the last couple years and is getting hammered now (myself included), is only getting hammered with equity. The fact remains that some individuals took on a loan that apparently, they couldn't afford. Everyone wants to point the finger at someone but look at the signature line of the loan docs., there's the problem.

So the question bears, should the government come and bail home owners that made bad decisions and speculators that got caught with their pants down, out? The general concenses seems to be "Hell no". Do you realize that 10's of billions of dollars are going to come out of your own pockets through what's referred to as inflationary taxation? This is passive taxation through the devaluation of the dollar by introducing more supply of monetary units into the system. Bottom line, the feds can print all the money they want, we we ultimately pay for it. So know we, the people who bought the right amount of home for our financial status, not on speculation of where the market would go or using anything but a standard 30 year fixed, will end up paying for those ignorant individuals that took a huge risk on an investment, or bought way too much home for their own good.

Bottom line, why are my (and your) tax dollars going to cover losses of speculators and incompetence?

	Matthew
	Go To http://www.news-articles.net/

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