[driftdiver]

“If they lower the principle it’s theft from me as a depositor, if they lower the interest it is lowering the return on my money in the bank!”

Are you really that ignorant of the banking system? Did your balance go down? Did they reduce the rate on your CDs?

Foreclosing on a property results in a much greater financial loss to the bank.

“Any bastrard that doesn’t live up to the total agreement of the loan is stealing from me!”

yes and its all about you.

[dalereed]

“yes and its all about you.”

I sure don’t give a rats ass about anyone else!

Especially anyone that doesn’t pay their obligations 100%!

And no I don’t believe in bankruptcy!

When my corporation was losing money I pur over $250k out of savings into it before I closed it after 57 years in business so that every bill was paid in full before I closed it.

[lmr]

yes and its all about you.

From your posts, it seems its all about the banks.

Foreclosures and Bank Bailouts don't happen in a vacuum. These cost us all money in bigger deficits and amount to Generational Theft, stealing from our children and their children.

You spoke of a high societal cost of foreclosure, but you advocate something that has a high societal cost as the solution?

Hypocrite.