[quote=CA renter]Isn’t that pretty much what they’re already doing? Sounds to me like everyone from the President to Bernanke on down is insisting that nobody lose money on housing.

That’s why all us renters are being forced to keep renting (either that, or seriously overpay for a house)…so the deadbeats can live for free and pretend that their houses are worth what they were in 2005. In the meantime, we get to collect sub-1% interest on our savings. It’s all good.[/quote]

CA Renter, you said everything I have been thinking, seeing, feeling and have been pure angry about for the last 6-7 years. How can we call this the leading economy in the world after reading you summary of the situation? Once risk is removed from the equation many people tend to make very poor economic decisions.