[quote=Russell][quote=SellingMyHome]Why didn’t the government pay down our underwater house balances, that money could have gone to the banks. Instead, they gave the money straight to the banks to help pay for the paper losses caused by the badly packaged loans. Giving us the money would have been a win win situation, instead just the greedy banks win!
I’m starting to understand that a lot of people here must be investors or bankers.[/quote][/quote]
Arraya, I guess you didn’t read the whole thread. Lots of people think they should get government sponsored mark downs and keep the house and in many cases,all the goodies and good life memories they bought with the equity. Again, I think you can’t blame them for trying but it is offensive to think about the mechanisms and repercussions involved. I agree with meandale, I would rather see this level of corruption between the government and the banks than the government and individuals or the government, banks and individuals.