Housing Bailout

Kudos to Michelle Malkin for telling like it is on the proposed mortgage bailout. Read the comments too. Housing prices are finally starting to come down here in the Boston area, to the point where my wife and I can consider buying. Now speculators are demanding the government step in to protect their investment, aka gamble. Like it does by bailing out people who build houses on the beach in hurricane zones, the government seems intent on rewarding reckless behavior and punishing the fiscally responsible. And I have no sympathy for lenders here either. If they made risky loans to people who couldn't afford them, that's the bed they've made. Let them lie in it.

Update: Via Instapundit, Going Under In A Lexus.