Monday, September 22, 2008

Ask any homeowner to tell you what bailout they need

Imagine you are one of those homeowners who have borrowed mortgage debts that you can't repay or even the interest. What you need is cash from someone to enable you to pay. That's all. If you can't get the cash from your income, it has to come from somewhere. So if the US administration is going to spend USD700 billion at least to swallow the toxic debts and dirts of Wall Street, there is no reason why such money cannot be paid out to repay or pay mortgage principals and interest.

The US administration may easily assume those mortgage debts and liabilities at a value agreed with the lenders and then do whatever they can to help the homeowners. Call this socialism if you want. But it's socialistic for the sake of helping the victims. Well, of course, there are victims that are no means innocent but the big bailout for Wall Street is to help the devils in the first place.

Tell the big hearts advocating the Wall Street bailout to use common-sense and conscience.

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