Jason,

I'm commenting on your analysis in the CFA Financial Newsbrief poll that saw a 2:1 opposition to helping underwater homeowners. You posit that aversion to increasing federal debt was at the root of opposition. I, for one, oppose helping underwater homeowners because it is unfair to renters, those without mortgages, and the homeless. I strongly support fiscal expansion coupled with higher tax rates going forward to create temporary economic stimulus and long-term federal solvency. I would prefer each taxpayer receive a check for $1000 to singling out underwater homeowners (and their lenders!). Let the foreclosure process erase their debts if they desire to or must foreclose.

Sincerely,

Underwater Homeowner and CFA Society Member