The pres outlined plans for a mortgage bail out of some homeowners.
I don't think so!
There are exceptions to every rule but I don't see why the government (a.k.a. you and I) should bail out people that bought more house than they could afford on an adjustable mortgage just because the interest rates were at an all time low. Historical lows rates means it is a given that your payments WILL go up.
More importantly, we are bailing out the mortgage companies that made these inadvisable loans. I own some financial stocks so I am "cutting off my nose to spite my face". Decisions should be made by what is right, not what is beneficial to me. To me THIS is just not right for a government that can't pay it's own bills.
Your opinions you vary and I respect the fact that we can have different opinions.
OK, I will get off my soapbox for now.