Bailing out sub-prime borrowers
Consumer groups have a lot of nerve calling for a bailout of homeowners (“Aid for homeowners urged,†Aug. 22). Since when did it become the government’s job to protect people from stupid decisions?
My wife and I held off from buying a home because we couldn’t afford it. So why should all these other people get bailed out after buying a home that they couldn’t afford either? The bubble needs to pop, and home prices need to come down to a point where working people can afford them.
Mathew Andresen
Lompoc
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
