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Nice bunch of lemmings Clark has here. While I don't agree with bail-out plans, I think the majority here are being extremely short-sighted. I don't see Clark spending any amount of time on just what would happen if market forces were allowed to let all those loans go to foreclosure. Each an everyone who managed to stay in their home, would see the value drop an enormous amount - spiraling even more homeowners into trouble. Yes, lenders were playing too fast and too loose with their own lending guidelines and those errors need to be corrected so that it never happens again. But, one has to look at the macro issue of mass foreclosures before simply saying a bail-out is bad. There are very serious ramifications if something is not done - but I don't expect anyone here to actually research that. Sad.
By Curt
