Thursday, February 19, 2009

Who Merits an Obama Bailout?

What would Larry Summers have to say to Tony Mills? Tony posted this entry at the end of Ed Glaeser's blog post today on the Obama Housing Proposal.

"I’m just kicking myself for not taking on a mortgage I couldn’t afford when I was offered the chance back in 2005. What was the point of being cautious and deciding to rent instead ? What’s in the bailout package for me ? It sounds as though my job now is to help pay the mortgages of people who shrugged off common sense and plunged into debt up to their necks. The losers have become the winners."

— Tony Mills