Obvious trash. And I don't really understand bailing out homeowners who screwed up. The money would be better spent on things that would have more bang for the buck in terms of stimulating the economy and creating jobs.
As I said in another thread, it is strange times when the extremists, the fruitcakes and the senile have it more right than the normal folks. We also agree on letting the bad banks fail too, so...
Of course, we disagree on spending the money, mainly because I would prefer to see it not be spent at all (scared, rightfully I might add, of the bond market), so the agreement is not 100%, but still...
Normal folks probably aren't even aware of economics, let alone understand it. It makes sense that they wouldn't know what to do with folks who screw up on their loans.
