Bailouts For Celebrities
June 5th, 2008
Apparently a growing number of celebrities are finding themselves in foreclosure. The two that I know of are Jose Canseco and Ed McMahon. Should we taxpayers be put on the hook for Ed McMahon’s $4.8 million mortgage? Barney Frank seems to think so.
This is just further evidence that in the current mortgage crisis the people facing foreclosure cannot be classified as rich or poor, black or white, etc. The only classification that seems to suit all these borrowers is stupid and irresponsible. Do we really want the American public to see Jose Canseco get bailed out for being stupid and irresponsible?
