[youbet]

Quote:

Originally Posted by Gumby . In fact, as far as I can see, it doesn't hurt me one bit if those neighbors who can't make their mortgage payments are allowed to restructure their loans and stay in their homes.

As said in an earlier post, I have absolutely no issue with lenders renegotiating with borrowers to make the best of a bad situation. What I'm against is everyday citizens forking up tax dollars to reimburse the lenders for the foregone interest rate escalations.

Restructure, yes. Tax payers subsidize the resturcturing.....no way!