I would think that financial stupidity 2.0 is not covered by the bailout (as opposed financial stupidity 1.0 that occurred during the housing bubble)….(I’m not implying you’re stupid…I’m sure you’re much more intelligent than me)…

But you need to make sure that all this bailout would apply to folks who purchase in 2008-2009. I thought there was a date range on who the bailout applies to.

Also, you need to be careful that you don’t pay too much down. If you have 20%+ down, you’re not going to get bailed. If they foreclose on you, the bank still wins.

Also, how much is your credit worth? If you don’t work at a defense job, it probably doesn’t matter as much.