As you may have heard, a plan to ease the mortgage crisis was proposed by the Bush administration and the financial industry yesterday. Here's a good article that summarizes it...
USA Today Article: Mortgage plan: How does it work? Who does it help?
They discussed this general idea on NPR yesterday, and the issue of fairness came up. Why, for example, should those who made a poor choice regarding their mortage get bailed out, whereas those who made a smart choice do not? Then again, even though it's not necessarily fair, allowing the crisis to continue could affect the economy as a whole, as we all know...
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