The fiscally conservative were punished for years and now they will be rewarded

why is that you think the only people that didn’t buy home’s were fiscally conservative? What about the fiscally conservative people that saved money in retirement plans that have lost thousands of dollars? what about you and I that will see our tax’s increase to help pay for the bail outs? is this how you like to be rewarded?

Temeculaguy we agree any many issues, except for maybe how you will profit from this downturn. I only hope you get your wish and your able to buy that 800k mcmansion in Temecula for 400K, so what, in ten years from now it will still be worth 380K ITS TEMECULA! IT WAS NEVER WORTH THE 800K TO BEGIN WITH!

and I really don’t care about the nurses or the idiots who took a toxic loan and now are losing the home, they made the choices now they have to live with them.
BUT THERE ARE HUNDREDS OF THOUSANDS OF PEOPLE THAT COMMITED FRAUD INCLUDING THE LENDERS and contrary to what alot of people think nothing will happen to them.

What pisses me off is why these people were able to get these loans in the first place. In other countries you can’t just borrow what ever you want, even if you have hundreds of thousands of dollars in equity! If you can’t prove to the lender you could make the payments they won’t give you the loan no matter how much intrest you’re willing to pay!
The problem wasn’t the nurses or the idiot’s it’s the lenders!!