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Taxpayers and the Mortgage Meltdown

by Froma Harrop

Line up the suckers.

The mortgage meltdown has produced many victims. The most sympathetic are the low-income folk who are losing their homes to foreclosure. Some Democrats want to help many of these unfortunate souls by having government refinance their loans. Ohio has led several other states in starting such programs.

It's a bighearted response but not a good idea. Saddling the public with troubled loans simply adds taxpayers to the sucker list — and bails out the lende ...

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