If the banks foreclosed on mortgage holders, why should they be bailed out?

[JVS]

What is sauce for the goose is sauce for the gander. Let them perish.

[LiberalHeart]

1. Yeah, bail out the homeowners.

[JVS]

2. Call it trickle-up.

[RUMMYisFROSTED]

3. Why?

Class war.

[Oregone]

4. No one cares when an individual loses their home.

They only care when bankers lose their business because half a million people have lost their homes. Thats the way of the world.

[JVS]

5. How can the bankers lose their business when they have so many homes?

Perhaps they should try selling the homes. People would probably be willing to pay money for them.

[Oregone]

8. lol. People don't have money to buy those homes!

Thats what the banks are for!

[JDPriestly]

6. Excellent point. Had they bailed out homeowners, they

would not need to bail out the banks. The banks cooked their own geese, so to speak.

[flvegan]

7. So many of us saw this coming.

I worked at a real property firm that worked exclusively for banks (both foreclosure and defense). I started pushing for loss mitigation and default resolution 10 years ago. I killed myself trying to convince them that they should be in the performing loan business and not the real estate sales business. What the fuck did I know. When they asked me to prove it could be done, I did. Over time, I saved a few hundred homes and helped the loans perform. Meh, screw that kid, he doesn't know anything. Too much work, might be a couple more salaries. Back to the status quo.

Idiots.

[Tierra_y_Libertad]

9. It's only fair. The banks have more to lose.

:sarcasm: :sarcasm: :sarcasm: