Housing advocates protest Bear Stearns bailout

Posted on By Ricky at 28 March, 2008, 8:53 am

Housing advocates protest Bear Stearns bailout

March 26: Protesters gathered outside Bear Stearns Wednesday, protesting the federal government's bailout of the investment firm as homeowners face foreclosure. CNBC's Melissa Lee reports. (CNBC)Protesters opposed to the Fed’s help in bailing out Bear Stearns entered the lobby of the investment bank’s Manhattan HQ Wednesday, demanding assistance for homeowners.


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Across the country, key players in the real estate boom are adapting to the new reality of the marketplace and are finding new success by offering solutions to the problems they helped to create.

McCain's housing crisis options

March 25: Speaking to South California business leaders about his economic policy, John McCain says that the government isn’t in the business of saving and rewarding banks or small borrowers who behave irresponsibly. (MSNBC)John McCain wants to leave the door open to a wide array of proposals to address the turmoil in home financing.


Category : Industry News

Comments

Tax Lien Certificates April 26, 2008

I have a real problem with the government using my money to bail these people out. Most simply bought more house than they can afford. It isn’t the banks fault. People should take personal responsibility.

I also have a problem with my money being used to bail out these banks. They made the risk and stood to make huge profits. That obviously didn’t work out, so hate it for you.

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