I thought the foreclosure problem wasn’t that big a deal? So say the now silent bubble nay-saying hypocrits.
Screw future generations to save the lifestlyes of reckless, irresponsible and just plain stupid people, all so a couple billion dollars of dirty MBS/CDO’s can line the pockets of the filthy rich. And I emphasize filthy.
What are we teaching these people? Why should they get a tax break or any break at all? They should be forced to to pay off every cent they owe, or go to jail and do community service until every cent is paid off in charitable work. So should the idiots who oversaw the granting of these loans.