So for 9 million homes one would need $2.25 trillion dollars. Can China and Saudi Arabia loan us that much. Might be as Clinton says we will make the Muslims happy and the only way to do that is to institute Sharia Law.
There was some sort of restructuring move late last year and I cannot recall if it was voluntarily entered in to by the banks, whatever.
The last news I heard about THAT restructuring was that more than 50% of the people who took it were in trouble again.