U.S. Rescue Seen at Hand for Two Mortgage Giants
I don't understand this article at all: I don't own a house and, frankly, never will; and I'm okay with that. But does this mean that taxpayers—some of whom have mortgages, I imagine—will now be paying the government to financially back the companies to which these taxpayers are themselves indebted?
I mean, that's kind of stupid, isn't it?
I'm not saying the mortgage holders are stupid, by any means; property is expensive, and there are few among us who can afford to just drop between five and seven figures to own their own homes. But…
I mean, seriously; is this the way money is supposed to work?
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