I listen to one expert (Kramer for instance) who is pleading for this to happen. I listen to the next who says it can not be allowed to happen.
All I know is I don't want to pay for the mistakes of a bunch of nit wits who bought McMansions. My anger toward them dwarfs my anger towards these twenty guys on Wall Street making millions. Sorry.
Who do you think gave them those loans ? Your anger is misplaced.
The idiots who bought the mcmansions will lose them, while the few favored banks will get the money AND the foreclosed homes.
So those who had the bad judgment to give them those loans and HELOCS etc etc are going to get the tax dollars of you, your children, your grandchildren and more.
And you are still madder at the minor thief while the criminal masterminds laugh their way out the door ?
the twenty guys? WTF! Are you not paying attention?