NAFI

Number of U.S. Homes With Negative Equity Is Stunning

I think everyone has it wrong. It's not a bailout. The regulators said these loans were good. I repeat, the regulators said these loans were good! The banks did not create ARMS out of thin air so when they started hitting the market the big banks bought them up as investments because they were told do so, as they always have, to free the banks from the debt burden so business can continue as usual.

We all seem to think that it is 'our money', or 'my money', when in effect it is the USA's money, and they will let us have a little if we do what they want us to do.

The horse was led to the water, but the water was poison. Who's at fault? The horse, or the man who led it there to drink? THe banks were led by the regulators to buy this filth that they created.

Now for the automakers............... yeah, that's the same thing!!!