Mortgage Plan May Irk Those It Doesn’t Help

This week my current event was from New York Times and it talked about a Treasury department prepares a $40 billion program to help delinquent homeowners avoid foreclosure. an airline pilot who lives outside Norwich, Conn. Mr. Lawrence has a traditional 30-year mortgage that he has no trouble paying every month. Homeowners who often borrowed irresponsibly are getting government assistance. Washington and Wall Street are frantically seeking to stabilize markets by curtailing the onslaught of foreclosure. But the benefit's of a bailout for his neighbors seem ephemeral to the 45-year-old Mr. Lawrence, especially because he figures the cost of helping them will come one way or another.