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"let homeowners sue Wall Street firms for relief from mortgages that they could not afford."

I remember about 5 years ago driving around with my girlfriend down some streets with houses that cost more than 3 times what mine did.
She marveled at how big they were, and now nice they were.
With envy in her voice, she asked "How can so many people afford such expensive houses?"
My reponse was to explain how I viewed several important realities. One of them was simply that, "Some people make more money than us".
Another reality that I described was how some people "buy way over their heads". They borrow far above their means. They use tricks to do it, and they end up working extra jobs and trying to find other ways to pay their loans.
Because she seemed so filled with envy, I felt I could lift her spirits a bit by explaining a notion I had in my head.
I said "If the economy tanks... or if they lose their jobs... or if interest rates climb and they have adjustable rate mortgages, they are SCREWED!"

As cruel as a through like that is (real people getting screwed), it seemed to take on the feel of poetic justic. Afterall, we weren't the ones trying to borrow beyond our means. We weren't the ones taking such risks. We weren't putting ourselves in that position.

But I should have known better.
I should have known that they would probably get bailed out someday.
I should have done what they did.

It also effects those of us who are investors (Mom and Pop investors too) as well as those of us employed in the mortgage origination business.

I don’t do the really exotic stuff, never did...but the market as a whole still affects my income. So far I’m doing OK and staying above the fray, so to speak, but it’s getting harder when the MSM and Congress seem bound and determined to take a situation which has already begun to correct itself on its own, and turn it into Great Depression II.

Hey, you know that the basis of liberalism is to use government to force those who make responsible decisions such as yourself

pay for the consequences of those that make irresponsible decisions.