[GOPJ]

"Middle class" families ARE paying for their mortgages - 95% are being paid on time.

The real problem is the bankers and divivitive folks. Obama's blaming this on home owners - tacky.

[Warlord]

“The real problem is the bankers and derivative folks.”

The subprime default rate is approaching 25%, and the default rate on recent vintage loans generally is much higher than 5%. Homeowners are a fundamental part of the problem, as much as the bankers who made leveraged bets them.