18. So you want speculators and deadbeats to get federal money?
We're talking house flippers and people who wouldn't have paid their mortgage in an up economy.
That's fucking fine with you, I guess.
There's no doubt that the foreclosure and home-saving policies should have been much, much more aggressive. But even a more aggressive program would have to take into account that many people would be trying to game the system. I'm not against the careful assessment of policy to prevent that. Why should I have to pay for some deadbeat's mortgage, or subsidize people who took risky loans for profit and got stuck on the downside?
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