I can’t believe this shit happening. What this teaches us is the Gov will do everything it can during the “election” to bail out the big contributors. Lots of people been sitting on the sidelines waiting for the RE market to correct itself so the homes can be affordable again. If the bail out goes through for securing bad loans, the housing market will always be un-affordable for the average middle class family in SD. Only in US where you can take bad risks, making stupids choices and get bailed out without losing your shirt. Sign me up folks for the toxic loans because the US Gov is going to eat it and I get free rent for months!
