So it looks as if Blanket mortgage forgiveness is a No No

TOFFEEPOD

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According to this article, it seems as if a solution is getting near and it won't be Blanket mortgage forgiveness...[broken link removed]
 
and thank God for that I would be furious if I had to pay extra to cover people who overextened themselves in the boom times
 
While I started a thread to discuss Universal Mortgage Forgiveness, it didn't stop at over-borrowed mortgagees, but included everything.

It was a Reboot of Capitalism essentially and didn't find much favour here.

The subset - forgivness for the over-borrowed - was rejected by most.
 
and thank God for that I would be furious if I had to pay extra to cover people who overextened themselves in the boom times

You are already paying extra for the bankers who recklessly overextended their loan books.
 
And we can't even afford that, nevermind the rake of people who will want a bailout....2 wrongs...

The people who want a bailout will be getting one off the back of the taxpayer one way or the other.

Either the government will help people in trouble with their mortgages, or those people will end up losing their homes, on a housing list, getting rent allowance, drawing social welfare etc...

You cant get blood from a stone. Regardless of the reason, if people cant pay their mortgage, the state will end up supporting them in some manner anyway.
 
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