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Mortgage Bailouts, Sarbanes-Oxley Harm Economy

Started by cordblomquist · 10 months ago

In the Washington Post, David Ignatius writes about the long-run economic costs of mortgage bailouts, which infantilize voters.  Through bailouts, we are ”creating a system of transfer payments that shifts money from the smart to the stupid, from the lucky to ... Continue reading »

2 comments

  • Greg Jeffcoat

    1 year ago

    I agree with the poor choice the mortgage bailout would be. I must take you to task about your generalization of those that have interest only loans. If used properly, an interest only loan will allow the homeowner to leverage their equity and invest it in a higher interest rate investment vehicle. Over time the equity is invested in liquid investments the would easily be accessible to pay the mortgage in the time of need when a regular income is not available as opposed to having the equity payed down to the bank (where no interest is earned by the mortgage holder) and will they let you access it in order to help pay the mortgage? No.
    If used properly over the life of a 30 year mortgage, an interest only loan will yield a much higher return on investment and protect the homeowner from loosing their home during times of financial distress.

    Thank you for letting me share my viewpoint on this matter.

    Sincerely,

    Greg Jeffcoat
    reply
  • Tiffany Taylor-Rodriguez

    1 year ago

    Should I stop making my mortgage payments so I can get in on all this gift money?
    reply

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