Privatize profits and socialize losses....is their wish....
My only concern is that 5 years ago when I did permanant financing on my new house I took a fixed rate at 5 1/4%...They offerd me a 3% ARM for about $300/ month less payment....It would have been at about 8% interest now and 300 a month more than I pay right now....I did the math and made the right decision.....If buyers that did not do the math and took these bogus ARM loans get money then I want money too...Why reward people for bad decisions...I agree that we should hang the CEOs that posted bogus numbers to max out bonus payouts but these folks that got in to these ARMs will learn an expensive lesson....or give me $300 a month for the last 5 years...