There are alternatives to American cars. There aren’t alternatives to living somewhere. A person could have rented but they still would have overpaid rent based on artificially inflated property values. I suppose they could have moved to another state, but with jobs and families that is unreasonable.

As for politicians they produced plenty: $12 trillion in corporate welfare and the worst economy in decades. But for some reason people keep voting them back in. Maybe it’s because the housing fiasco was a bipartisan hatchet job so nobody to blame.

If doctor’s conspired to kill their patients, like banks conspired to write unaffordable mortgage (more fees when the mortgages flipped), they’d be forced to pay a lot, and probably sent to prison.

The article was clearly a joke but your response is a good viewpoint into what’s wrong with this country.

Furthermore, politicians should be forced to return their wages during their tenures as unproducing public servants.

Finally, take the incomes from medical professionals who administered “aid” to patients who did not recover from their issues.

Whatya’, nuts?

The banks had at all times tried to bundle the entire sales process to eliminate the realtor commissions which the realtors lobbied back against and won but look who controls the REO now….The banks got their wish regardless.

Now the banks are going to hold all the keys and don’t care about new regulations as they will simply do owner financing for the new buyers with the stolen homes. Why do you think they are holding a 60% shadow inventory?

O is simply catering to the demise and bundling of services for his bank masters by eliminating the realtors one by one. He and the banks believe in complete domination of the lives of all Americans. They will not be happy until we all are destroyed, broke and living on the government which pays the interest on the national debt to the banking elite.

This will simply never end until they get their way.

The people from whom the foreclosed houses were”stolen” – or to the BANKS?????????????????????????

The truth is that lots of those who lead the fight are boomers but nowhere near the proportion to their numbers, and nothing close to their self-righteous “we did lots of drugs, partied a lot, then voted to strap our parents and future generations with the bills .. because for some reason we’re special” group.

The only thing atypical about your story is that they actually tried investing: plenty of elderly were outright scammed: “you’ve won a sweepstakes for your grandchild; sign here to collect your winnings” (a sub-prime mortgage). The government’s answer: more money for the perps.

Couple – 81 and 68, both with serious illnesses. Worked together for the last 40 years. Decided to change venues —just before the “CRASH”! Built 2 houses to sell – finished both just days before the “crash” . Invested all their savings,etc. in addition to construction loan – RESULT- lost both homes to foreclosure = all savings gone and no one gives a —-! soon to have own home foreclosed, auto reposessed and guess what?? No one cares; no empathy,no understanding, no real help!!! NO PLACE TO GO!!

Mr.President you spent and used the American Taxpayers money on the “SWAT TEAMS” deployed to the “servicers”… we deserve a full report ASAP on the warfront being wagged against the Average American Family,right here, right now here in AMERICA!