Sometimes the toughest thing about freedom is recognizing you're also free to screw up: To make mistakes, to not read mortgage fine print or to understand that "adjustable" rates can also adjust "up."

In a free society, you're free not to learn these things.

Free to assume that when you make the biggest purchase in your life, you don't have to do the most amount of research on that purchase, in your life.

You are free to study everything or study nothing.

You are free to be duped.

It's not fair. It's not right.

I think the president in his discussions with me today cut to the core of the problem in some mortgages today.

Some didn't know what they were getting into.

Some buyers didn't read.

Some lenders didn't care.

Some stories didn't end well.

Now, some presidential candidates say, "make the government make them well."

Help them out. Bail them out.

But the president today, offering me a not so politically correct answer: no.

No bailouts.

No games.

No money for the very same folks who some say created the mess in the first place.

Force them to be transparent, yes.

Force them to write in English, yes.

Force them to do every thing possible to help borrowers, before dumping them on Uncle Sam, yes.

But you don't correct a problem throwing more money at the problem.

I think what the president was saying is that, in the end, it's up to us to know when we're getting in deep and not assume the government will rescue us when we do.

Watch Neil Cavuto weekdays at 4 p.m. ET on "Your World with Cavuto" and send your comments to cavuto@foxnews.com

Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.