[quote=paramount]Like RL said today, there are 2 groups of people in all of this:
1. Those who largely committed fraud buying a house they could not afford, and
2. The victims of this fraud – primarily those who are severely upside down among others.
[/quote]
So, if you are a homebuyer who did not commit fraud when buying your home, you are a victim?
Aren’t you forgetting all the people who wanted a nice place to live, but didn’t have enough money of their own to pay for it, and wanted to get some free spending money from future home price appreciation?
Are you saying that those people – who wanted a free lunch paid for with other people’s money – are victims because they didn’t get the free lunch? And they deserve some free lunch now to limit their disappointment and help meet their original expectations?
