[Retire Soon]

Quote:

Originally Posted by starter82 Some of us think that's a good thing. People remember the mistakes of society. Something of interest: The Associated Press: Bush Signs Mortgage Legislation

People who receive interest forgiveness from lenders on their subprime loans will not have to pay on taxes on this income. However, people who sell second homes will now pay higher taxes and indirectly subsidize the subprime borrowers for defaulting on their loans.