“Mortgage Bailout Just Makes It Worse”

The mortgage bailout proposed by the Treasury Secretary will just makes things worse in the future, explains Bill Fleckenstein at MSN’s Money Central. Similarly, John Markman has a column entitled “Homeowner Bailout Is A Lousy Idea.”

CEI’s John Berlau explained in a USA Today op ed how the bailout plan will “harm future borrowers” in the long run, as well as harm the economy and discourage investment. I earlier explained how the bailout is unfair and unjust.