[[Rick Santelli]] specifically cited the mortgage [[bailout]] policies of early 2009 as a prize example of the government doing special favors for certain classes of voters, in return for their continued support, and also of the "moral hazard" in which such policies inevitably place anyone who "buys on time," i.e., buys any sort of asset, from a home appliance to a parcel of [[real estate]], using borrowed money. | [[Rick Santelli]] specifically cited the mortgage [[bailout]] policies of early 2009 as a prize example of the government doing special favors for certain classes of voters, in return for their continued support, and also of the "moral hazard" in which such policies inevitably place anyone who "buys on time," i.e., buys any sort of asset, from a home appliance to a parcel of [[real estate]], using borrowed money. |