Originally Posted by sarettah

First, of course there would be a cut off date on it. All consumer debt prior to whatever date they decided. Since I originally proposed this back in October it would have been as of mid October or so.

Second, they have already laid out 12.8 trillion dollars and people are still losing their homes. My version all those people would have kept their homes. Yes, some people would have made out.

This is/was a true middle class bail out that was proposed instead of a financial institution bail out. All of those sub-prime mortgages were the result of the financial markets greed and finding ways around the rules. When someone gets conned, who do you blame, the victim or the conman?

Again, because you did not answer; Would you rather see the banks and financial institutions bailed out or the consumers?