What Zero and ACORN either fail or refuse to realize, is that they can write and re-write these loans all they want and the lazy POS’s that couldn’t afford homes in the first place won’t pay those loans either. Next will come Zero and ACORN demanding that the banks give these crapolas credit cards to help mend their ruined credit rating. After which they’ll all file for bankruptcy.
Meanwhile, the family that’s eating the cheap hamburger five nights a week, buying generic cereal and making the car last one more year so they can pay their debts on time will be the happy recipients of 25% interest rates to make up for these losers.
Please, dear Lord, let the nation wake up next year and give us a Congress that will undo all of this that they can.
Acorn has already demanded credit cards and got them. A whole bunch of this debt is credit card defaults on the same losers as well as houses!
We need to pray hard for our country.