[alexander_busek]

And after the bottom falls out of the housing market, the Federal Govt. can simply "forgive" the mortgages, right?

Just like with student loans, right?

Regards,

[nascarnation]

And after the bottom falls out of the housing market, the Federal Govt. can simply "forgive" the mortgages, right? Just like with student loans, right?

Student loans produced a lot of worthless degrees but those houses are worth something so they will be repo'd.

[Kevmo]

Have they forgiven student loans yet? I thought that was still in the works.