It keeps the bank from having to assume ownership of a lot of foreclosures and sell them at a loss. That’s the bailout.
Well it didn’t cost the taxpayers anything...shouldn’t you be thankful for that?
I think it’s a reasonable solution. Let’s face it, we both know that something would have been done...whether we liked it or not.
Better this than a Hillary-type thing where you, me, and other taxpayers would have paid off other people’s mortgages.