But at some point, could it be so damaging for the economy, that we are all better off if *some* homeowners get a little help? I don’t mean that we pay off the mortgage for the receptionist who falsified documents and said s/he makes $300k/year. But if someone can afford a fixed rate with a little help, it might not be so bad.
If there is a TOTAL meltdown, we will ALL feel it.
