Where is our bailout?

Re: 'Study: Foreclosures hurt family stability' (Feb. 18)

Dear Editor:

If the banks and the "investors" that securitized loans don't come to the realization that they need to reduce principal and fix rates for underwater homeowners, it will not just be the lower-priced homes that will go into foreclosure.

People are just going to walk from their properties. The banks accepted the overinflated appraisals and now we, the normal people, are paying the price for Wall Street fraud. Where is our stimulus package and bailout?

Karen DeCarlo Nierhake
Muir West Realty
Martinez, Calif.

***

What's your opinion? Leave your comments below or send a letter to the editor.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.