The Chairman of the Federal Reserve Board is urging that not only should interest rates be relaxed for those struggling to make mortgage payments, but that those struggling to make their housepayments should also have part of their principle forgiven as well.
Maybe the rest of us who make our payments on time shouldn't pay our bills either.
Consumers were not forced to take out these loans and if they cannot pay them, why shouldn't they be left to face the consequences rather than once again leaving Americans meeting their obligations once again holding the bag?
by Frederick Meekins
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