[Thrownatbirth]

"Through the end of October, there hasn't been a single re-default of any of our IndyMac loan modifications."

As Indy customers know, Chuckie Schumer can fix that in one sound bite.

[PA-RIVER]

I heard a radio host put it very simply.

Many bought houses they never intended to make payments on.

“I know I can't afford it and I will miss some payments, but I'll take it. I like the digs.”

[Cyber Ninja]

People who can’t manage their money can’t manage their money.

[Right Wing Assault]

Banks and government. Some people shouldn’t get loans.

[TheThinker]

This huge crisis has been created out of a misguided crusade to help minorities at lenders’ expense. This plan is essentially vote buying like the Dims always engage in. But it also have something to do with redistricting.

[GOPJ]

Ummm, if some sleazy banker gives a janitor who makes $15,000 a year a mortgage for an $800,000 home - it'll fail.

Forever.

First time, second, or twelfth.

And this happened because bankers could sell the mortgage if the chump - mark - person - make 3 payments.

This mess sits at the door of bankers.

[blam]

It just doesn't get any more unbelieveable.

I expect they'll just eventually give these houses away.

[upchuck]

Doing the same thing over and over and expecting a different result.*

* Definition of stupidity.