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You know it really is curious how all this works out. I think I understand it but it leaves me a little puzzled. Because the houses we taxpayers are purchasing with mortgages are becoming worth less and less, the banks that hold those mortgages are increasingly at risk. So the answer to this “problem” for the banks is to take money from the gummint, money that “used to belong to us taxpayers” and then give it too the banks. Am I getting it? Because it seems to me this is what is actually happening but the State controlled media isn't talking about this so maybe it is just because I am just a dumbass Glen Beck watcher that there is some big piece to the puzzle that I am just to dumbass to appreciate.

I mean if someone out there can enlighten me, please feel free but I just don't see how logically one can make the argument that because my house is worth less and less I owe the bank some money. Yet that is exactly what is happening. If there was a gun involved in all this it would be called “armed robbery” but since it is just the gummint it is supposed to be OK and since there is a bozo in the White House that is calling for it we are supposed to just let it happen?

If there was a gun involved in all this it would be called “armed robbery” but since it is just the gummint it is supposed to be OK and since there is a bozo in the White House that is calling for it we are supposed to just let it happen?

That could be said of about 90% of everything the Federal government has done for most of the last century.

The only thing that you missed in all of this is that previously the the FED created easy money (inflated the economy) so that the banks,brokers,developers,appraisers,charge a little fee here and there racket could rig the market and run up the prices so that you had to buy your house when it was worth more so that you owed even more to the bank when it became worth less, i.e worth what is is worth in a market which is less rigged than it was.