Bad Mortgages

Professor Advises Underwater Homeowners To Walk Away From Mortgages

LA Times | Kenneth R. Harney | Posted 05.25.2011

Read More: Foreclosures, Personal Finance, Housing Crisis, Mortage Crisis, Bad Mortgages, Business News

Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don'...

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Ouch! McCain's Housing Solution Is a Gift from Taxpayers to Banks

Jared Bernstein and Gene Sperling | Posted 05.25.2011

Read More: Subprime Mortgages, McCain Mortgage Proposal, Bad Mortgages, John McCain, Housing Crisis, Politics News
Jared Bernstein and Gene Sperling

That's right folks -- it's private profits and social losses. Instead of an effort to safeguard us, this plan takes from taxpayers to provide unjustifiable subsidies to financial institutions.

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