Mortgage Bailouts? Govt Prepares to Disburse $2.1B to 'Hardest-Hit' Homeowners

"Government handouts." That's what Anna Aquino, 31, a homeowner in Kissimmee, Fla., calls her state's latest plan to help residents pay off their mortgages. Aquino, whose own home has lost $30,000 in value since she bought it during the boom, says Washington's $418 million mortgage assistance for distressed homeowners in Florida is spoiling Americans into constantly expecting help. "It's not up to our government to bail out every hard-hit person," she says of Florida's proposal, which is...Full Story
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