The “Psychological Trauma” Of Foreclosure

``This is the same warped logic that keeps us from giving poor grades to children- an excessive concern with coddling self-esteem. Shiller makes the mistake of assuming that everyone opposed to the bailout plans are lacking in sympathy. That is undoubtedly true in some cases. Some of us, however, care very deeply, and believe that in the long run, it is better to learn the importance of financial responsibility from the loss of a house, than from reaching retirement age with no resources and a broken social security system.''