Poll: Americans Oppose Sub-Prime Mortgage Bailout

Congress is considering a mortgage lending bailout, but most Americans agree its the wrong approach by a 2-1 margin. The housing market is adjusting to an oversupply of housing stock and the failure of some high risk borrowers to meet their mortgage agreements. After years of steady growth in housing prices and a historic expansion of homeownership, a market correction is to be expected. Rather than aiding the situation, government intervention would distort the natural correction and prolong the uncertainty and turmoil in the housing market.

Americans understand this and believe that individual homeowners and lenders will need to adjust to market realities, according to a newly released Public Opinion Strategies poll. Between October 18 and 21, 1,000 likely voters were questioned over their opinions on the mortgage crisis.

With a margin of error of 3.1 percent., 90 percent of those surveyed viewed sub-prime mortgages as a serious crisis, but only 31 percent of respondents believed the federal government should get involved.

Category:

News & Politics

Tags:

• Poll
• Sub-Prime
• FreedomWorks
• Washington
• Business
• Mortgage
• Stock
• Market
• Economics
• Free-Market

[jmpomerleau]

In 1986 we were looking for our first (and so far only) home. We were told by the mortgage qualifying process that we qualified for up to a $250,000 home. Remember, this was 1986!! Well we had enough common sense to know that we couldn't manage that in real life and told our realtor that we wanted a home UNDER $100,000. The realtor WAS NOT happy with us. But we stood firm, told him we were his boss, and found our home. These people should have been able to figure it out themselves too. GEEZE!

[FreeNMiami]

2) When someone makes a bad decision, or chooses wrongly, they lose out; you pay the consequences for that decision. Thus, this processes creates the possibility for competence, people are paid back, one why or the other. This government should not be in the business of bailing out institutions or individuals for their lack of foresight!! What ever happen to free markets in this Great Nation?!

PLEASE, STOP THE RACKET NOW!

[jacobm8tysek]

Well if people borriwed more then they could afford then that is there own fault in agreement to everyone else.. but the government purpose is to serve the people... and in any event that is what they should do in ermergencies whele her financial or other... Banks should be responsible bowwowers and be held more liable as people dont always understand their obligations - only think of the house not the repayments... if people lost their jobs and couldnt pay one can understand

[tickyul]

Ameritards cannot even take responsibility for their own financial mistakes, Big Brother will come in and save them. You buy a house that puts a big strain on your monthly budget, then, you go out and buy a bunch of junk with a credit card, then, you get a heloc so you can go out and buy more junk. Why has this society lost all discipline, because they can rely on Big Brother to bail them out.

[bcmalloy]

100% agree those involved need to be made a harsh example of as their actions have defrauded citizens of their homes while destabilizing the economy. It's time the victims were given at LEAST the option of loan on more reasonable terms to keep their hard earned property the banks have proven they deserve no protection from any of us in this matter

[rw5791]

well,the government was not just creating incentive for banks to make risky loans.They were threatening legal action if the banks did not make the loans.

[mannyfeseha]

thehelpfund.blogspot

[0TZ12]

funny video lets chat

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[72defender]

funny video lets chat

this video was good Bp

[jmkpns]

We don't have "dollar movies" anymore, thanks to the Community Reinvestment Act and "diversity" we have "dollar homes". When our government moves psychotic welfare recipients out of the cities into the suburbs into 200,000 plus homes, they're not gonna make more than 1 or 2 payments on those homes and yet, they'll live there for years and now it's time for the "bitter clingers" in this country to pick up the tab. I'm from the government and I'm here to help, well special interest groups. lol

[live777evil666]

Lol this is so bias. Freedom works... their web page has "LESS GOVERNMENT" in its title.