[Chuckiechan]

Quote:

Perhaps the best thing would be a total collapse that will bring housing prices in line?

Actually, that is exactly what is happening in California.

Since when did MTA become a free marketeer?

I believe the feds should keep large mortgage houses from failing, but I don't think individual homeowners should be bailed out because they were stupid, even though the idea of "consequences" is a tough sell in todays society.

Think of a mortgage bank as a gas station that pumps money. What would you do if all of the local gas stations folded, and you had to drive 50 or 100 miles for gas? Or worse yet, could not get gas at all?