[hinckley buzzard]

“We haven’t yet found a way of dealing with this that would, we think, be practical on a large scale,”

How abot you prosecute a couple of the lying cheating motherf*ers for criminal fraud and throw them in prison? After about 48 hours you wouldn't have "a large scale" problem.

[MrEdd]

Yeah, but Barry won't jail the bankers and appraisers who knew the prices were fraudulent.

[Svartalfiar]

Exactly. Walking away may look like a good financial decision, but most mortgage lenders would, I think, be smart enough to engage you in something called a contract. Those who just walk away should rightly have their credit killed for doing so. That's what credit basically measures, is how financially trustworthy one is. If you walked away from a $50,000 contract, I certainly wouldn't want to lend you any money for your next purchase.