Letters to the Editor

Re: 'House leaders back $625,000 conforming loan limit' (Jan. 24)

Dear Editor:

They are just asking for more trouble with this one. Why do they feel that they need to "bailout" those who knowingly were buying more than they could afford. This action will just complicate the current situation further. Let the market correct itself; it will take time but it will be the most effective way to fix the mistakes of the past 5-6 years.

This whole situation was a crisis waiting to happen from the very beginning. Anyone who has been in the business for a length of time knew that the programs and mortgages that were made available would come back to haunt us all. So here we go with the politicians trying to "fix" it. What a mistake that is.

David Barnes
Denver, Colo.

Re: 'Senator envisions program to buy risky mortgages' (Jan. 24)

Dear Editor:

This is the best suggestion that anyone has come up with. I had e-mailed the same thought to Bernanke's office but did not get a response.

I think this will really stimulate growth in our economy and avoid foreclosures and help all the families that would otherwise lose the "American Dream" of home ownership. After all, it is the government's moral obligation to help all its citizens.

Bravo to Senator Dodd.

Hussein Jiwani
RE/MAX Around Atlanta
Atlanta, Ga.

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