[quote=XBoxBoy]
If you want to cure the current problem, you need to allow the foreclosures to happen. If you want to keep this problem from happening in the future, you better make sure that banks only make loans to people that can/will pay them back.
[/quote]
Some banks are not suffering from any of this. Remember, the taxpayers are bailing them out. It’s a win-win for them. Give bad loan. If they make payments, bank wins. If they don’t make payments, government gives them money. Bank subsidy.
They won’t care much if this problem happens again (and I can see it happening again, maybe in our lifetime). No one will have learned from this b/c no one suffered but the taxpayers.
