[NoControllingLegalAuthority]

I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage.

The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

[MrPiper]

I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage. The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

Yep, me too. If you were a flipper, and purchased a house for 250K nd now its only worth 150K, you can stop making your payments, renegotiate for the 150K/and lower fixed rate and when the new bubble brings it back up to 250K, what a deal!

Of course us taxpayers eat the lost 100K! Glad I have no kids.

[RKBA Democrat]

“The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.”

The folks who have been responsible or tended toward responsibility will get themselves out of debt and be more receptive to an anti-debt philosophy as a result.

Those who are not responsible will probably remain eternally enslaved to debt anyway. They’re addicted. Helping float them right now just ensures that they don’t have to focus on their debt addiction. An addict never gets help unless they hit bottom. The banks are just making sure that they have a market for debt in the future.