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The bailout is an insult to us that pay our loans. Greedy banks lending money to people that can't pay should go under for making bad business decisions. The people who got foreclosed on likewise deserve no pity, they knew they couldn't swing the payments and they had plenty of time to refinance to better terms or get out. I say foreclose on them and make them renters. the government can sell the properties owned by the out of business banks to landlords to recoup the cost of reimbursing the FDIC deposits in those bad banks. We then take a step toward Mexico's economy where there is no middle class just poor people paying huge interest rates and making payments thier whole life and rich people who make more money renting or leasing things at high interest.
By David
