“hard working people, of moral integrity, earned- what is being given away: to unequals; feeling entitled to be rewarded for non-meritorious behavior.”

And so the hard-working poor can just shove off, is that how it runs, rollzone?

Before you continue spewing those “sound banking principles” bs, why don’t we see how it works once we have an actual “free market”, shall we? ‘Cause we sure haven’t had one here in the US yet.

hello. people over their financial head, whom can not be refinanced by the bank: have no right to be bailed out by the American tax payer; as if they are too small to fail. opposite economics entitles losers, (and social dependents), to live beyond their means: at the expense of the public. hard working people, of moral integrity, earned- what is being given away: to unequals; feeling entitled to be rewarded for non-meritorious behavior. home ownership has always been a gradually upward developing goal: not to be overstepped. bankers encouraged overinflated pricing, and ARM financing, so let the banks fail. sound banking principles built this country, and by not adhering to them: the banks broke the economic rule of survivability. in our country it is not a social consequence to own a home, it is an economic opportunity to earn one.

“The problem is folks like trog69, who argues with seething hostility, a “death-penalty solution” to a problem that the “defaulting idiots must have caused for themselves.””

Ahahahaha. So, people should get to stay in $350,000 homes, while they only bring home $3000/mo., but thought they’d get to re-finance to pay the balloon payment, or resell before the balloon payment came due and got stuck when the bubble popped, is that what you’re proposing? ‘Cause, as the author of the study said, that doesn’t sound very fair to those, like me, who kept their crappy little $140,000 house because they weren’t greedy pigs, and should now help these poor innocents keep their homes.

The banks are indeed one of the problems with our country, and especially, with the way the gummint kowtows to the monied interests. BUT THAT’S NOT WHAT THE PODCAST WAS ABOUT. The fact that people are laid off with no jobs to go to is not the bank’s fault. That would be the last five or six presidents and Congresses that screwed the workers, especially union workers like me.

Banks own the place. Therefore, why would anyone expect a plan would be in place to allow the lowly dirbag homeowner to threaten profits?  Those empty homes, foreclosed and abandoned are still an asset, if the poor bastard who’s so upside down on his loan(s) wants to continue his slavery by making payments - win, win. If it weren’t for bad homeowners, the Banks would be just fine. (take your prozac NOW)

The problem is folks like trog69, who argues with seething hostility, a “death-penalty solution” to a problem that the “defaulting idiots must have caused for themselves.” As if we can expect the Guv’mint to sort the “good homeowners from the bad greedy homeowners”, and as if this same delusional template of justice somehow applies to verifiable organized crime on Wall Street. How ludicrously naive are Americans going to be? Their whimsical beliefs in some sort of right and wrong contribute to the torrent of misinformed bilge assuring the status quo their protection from any health care reform.

Isn’t it ironic, that the fall of the Soviet Union, and with all that it supposedly symbolized, a guarantee came from Gorbachev, as almost a last rally for human rights:  Every single person who wanted a place to live got it, a decent place to live, a place to own. It was brilliant, he unitentionally said the “US can take their American Dream and stuff it up their greedy ....”

Welcome to government of the bankers, by the bankers and for the bankers.
“Ask not what your country can do for you, ask what you can do for J.P. Morgan Chase.” Barack Obama.

An interesting podcast. One thing I took from this is that is vital that we find a way to determine who are the ones who have no business being in the home they’re trying to keep. They need to be separated from those who have run into financial difficulties due to temporary job loss, or particularly, those who’ve had medical emergencies that have left them without means of support.

Once that’s been done, every means available to help keep those, who can now continue to pay on their mortgages, from being foreclosed on. Unfortunately, the ones who bought during the real estate bubble are going to have to come to terms with the fact that they just bought at a bad time, and their homes are probably never going to be worth what they paid for them. I’m a bleeding heart lib from way back, but even I don’t condone the government coming in and telling the banks that they have to mortgage a home for only a certain % of what it’s worth. “Buyer beware” is a universal truth, and we can’t always be protected from our own incompetence.