consultant101

The 28-33% Mortgage Payment Rule: Confronting Reality

So, where all those people who need to confront" harsh reality" would leave? Also, why would banks get 700 billion dollars in help and ordinary folks get nothing? Why don't we we decrease value of outstanding mortgages not only on balance sheets but also on home-owners's bank statement. We can do it dollar of bailout for dollar of balance outstanding?

Cheers,