Mortgage Inequity: Why the Bailout is Missing the Boat
Tuesday, November 17, 2009
by Vanessa Saunders

I recently read an interesting article by JURIST Contributing Editor
Nancy Rapoport of the William S. Boyd School of Law, University of Nevada Las Vegas and would like to share it with you.
The article entitled
"Why the Bailout is Missing the Boat" says that the housing bailout provisions of the recently announced stimulus package not only do not go far enough to cover mortgage holders in need, but actually reward extreme risk-taking behavior, ironically penalizing homeowners who did the right thing and bought the amount of house that they could afford....