Taxpayer/Renter Backlash Builds re: Proposed Gov't Bailout

A number of websites have popped up that provide an avenue for angry homeowners, renters, taxpayers, etc. to speak out about a government housing bailout proposal that is making its way through Congress. P2P-Loans.com generally believes that the market needs to run its course so that we can return to more normal times. While there are certainly instances where borrowers were mislead or taken advantage of in the boom times, the overwhelming majority of buyers knew what they were getting into when they bought in the boom times (they simply hoped and believed that the value of the asset they purchased would keep going up - now clearly a flawed assumption). The sites speaking on this cause are below and there is even a petition to sign if you feel strongly about this issue. You decide if it's fair for taxpayers to cushion the blow that is currently being felt by lenders, homebuilders and borrowers alike. Hey, my stock portfolio is down this year, will the gov't please consider covering some of my losses, too? When do people start to take responsibility for their own decisions and not rely on the government to bail them out when they get into trouble? I welcome a likely dialogue on this topic.

Visit:
http://www.angryrenter.com/
or
http://www.nationalbubble.com/stopthebailout/