oldlures1

Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea

Tom, I agree with you. The underlying basis is, as you said, that "A loan, recall, is a contract, willingly entered into between a lender and a borrower." Sure, some folks were taken advantage of, as has been the case for decades (and not just in banking), but they are the exception; few and far between, not the norm.
It is disheartening and disappointing (though not surprising) that many of the comments reflect/support a lack of culpability on the part of the borrower/homeowner. Sadly, it is the prevelance of such mentality, I believe, that exacerbates many of the issues facing us today and undermines progress going forward.
Keep it up - I like the way you think!