Barney Frank and the Bailout Battle
Massachusetts is blessed (or cursed, I suppose) with a number of very long-serving legislators, and one of the longest serving is Barney Frank, of the Commonwealth’s oddly configured 4th district.
A notoriously quick wit and champion of liberal causes, Frank enjoys widespread popularity across the region, But his recent bailout plan for adjustable rate mortgage holders raised a few hackles, even among his long-term supporters.
AngryRenter.com leads the charge against the bill, followed up with a number of auxiliary petitions across the web. For me, it’s a tough decision: the math on an adjustable rate mortgage just isn’t that hard, and people that entered into them foolishly ought to bear some brunt.
But then again, the government already picked up the tab for the big boys, and Americans who spend money make the economy better for everyone. My rural-bred populist roots lean toward relief, but an over-educated mind demands accountability.
So where do you stand? (Some property listings, to help you think:)
416 Marlborough Street #304
Back Bay, MA 02115
1 Bed/1 Bath
738 sq. ft.
$469,000
1 Garden Street #5
Beacon Hill, MA 02114
1 Bed/1 Bath
688 sq. ft.
$569,000
116 Mount Vernon Street #2
Beacon Hill, MA 02108
1 Bed/1 Bath
445 sq. ft.
$399,000
Heat Wave! Time to Find A Place with Central Air
