SYNDICATED COLUMN: Stop the Bleeding
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A Plan to Bail Out Scared Homeowners Evictions must stop Feds should bail out troubled homeowners Government would take equity stake in home mortgages Cost less than Iraq War Unemployed and desperately worried about losing his home in a California gated community, Karthik Rajaram shot his wife, kids and mother-in-law before turning his new handgun upon himself. “We believe this individual had become despondent recently over his financial dealings and the financial situation of his household,” Los Angeles police said. One of his sons, age 19, was a Fulbright scholar. The previous week, a 90-year-old Ohio woman tried to commit suicide when cops tried to evict her from her foreclosed house. Fortunately, the gunshot wound wasn’t fatal. The financial crisis has claimed a number of lives, but few as poetically as that of Ian Beach of Halifax, Nova Scotia. Like a character in a Kate Chopin novella, the 47-year-old father of two “apparently took painkillers, drank a bottle of whisky…
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