“This plan has an appeal.”
Not to me, the banks and the irresponsible borrowers should both suffer with no help!
You’ll suffer too. And your neighbors, friends, parents, brothers, children...things don’t happen in a vaccuum.
Let me ask - how is it a “bail out” if all the Treasury department did is negotiate a few things? There is no evidence they gave the lenders any cash.
A lot of companies have already gone out of business, several thousand have lost their jobs, and several thousand have lost their homes. America has a lot more important enemies than people who got variable rate loans.