Another commentary on why bailing out home borrowers is a mistake ..

this one from Jeffrey Miron who is a senior lecturer in economics at Harvard University.

The bottomline:

"It was precisely government policies that encourage homeownership, combined with past bailouts of private risk-taking, that generated the financial crisis in the first place. The Obama plan to help homeowners will exacerbate this problem and generate a larger one in the future. It is time to learn from our mistakes."

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