CNN has this headline today: Backlash grows against the housing bailout.

A snippet:

Why should American taxpayers have to pay to bailout reckless lenders and borrowers?

The website Angryrenter.com, launched just last week, has a vitiation demanding that Congress not pass any bailout programs that reward risky borrowing and lending. To wit: “Let the free market sort it out!”

Before you homeowners get too freaked out, pay attention to the details. The organized backlash, from what I have seen so far, is against government funding. If the bank and the homeowner can work it out on their own, well then, that’s the free market at work.

Here’s the web sites mentioned in the story AngryRenter.com and National Bubble.com, (which links you to Stop the Housing Bailout).

Now, to be fair, not every approach to this problem involves the federal government. The Mortgage Solutions seminar March 29 at Monroe County Community College was a partnership of banks, businesses, non-profit and government agencies whose goal was to find financial solutions that Monroe County homeowners can seek out and use RIGHT NOW from a variety of resources. I didn’t hear any discussion that morning of “wait and see what’s coming down from Washington.”