vboring

Hitting the Reset Button On Home Mortgages

it sounds like anger is starting to build up on all sides. hopefully there will be enough anger that the gov't will be forced to roll some heads.

some white men in expensive suits need to go to jail for this mess.

as for the bailout proposals, they need to differentiate between home investors and home owners, because investors shouldn't be bailed out. maybe some witless owners should. how to tell the difference?

if you can sustainably afford your original loan, you are an owner. if you can't, you're an investor. any bailout should only help people who can afford their loans, but who are now incentivised to abandon them because of negative equity.