Americans Split on Borrower Bailout

Lenders get no sympathy: 72% in poll oppose help
By Jim O'Neill,  Newser User
Posted Dec 11, 2007 12:54 PM CST
Boarded windows and a deteriorated porch are seen on a foreclosed home as it sits vacant in Westview Village, Saturday, November 3, 2007 in Atlanta.    (Associated Press)
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(Newser) – About half of Americans say borrowers snared in the subprime mortgage mess brought the trouble onto themselves, but they nevertheless deserve "special treatment," CNNMoney reports. In a poll of 1,002 adults, 51% also said they felt sorry for borrowers, with 46% blaming financial institutions' lending policies for the situation.

When it came to sympathy for lenders, however, 72% of Americans said they would oppose any help for financial institutions. The poll had a margin of error of plus or minus 3 percentage points. The Bush administration said Dec. 6 it wants lenders to freeze some 1.2 million teaser-rate mortgages that will reset to higher rates.