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Hell no its just another form of welfare. Asking to government to cover your losses for pathetic losers. I bet these takers wouldn’t offer up their gains when the market comes back....

If you borrow the money .... its yours pay to pay back not mine.....

Help me out if you will... As a pathetic loser who lost his job after the economy tanked, who, by the way, was a top performer in my company. I worked hard payed my taxes andh bought a house well within my means. Still, within about one year my home was 48,000 underwater because of gross criminal activity within the banking and mortgage arena. Now, don't get me wrong, I am not looking for the government to send me a check. However, since I bought a house that was priced well above it's real value, due to white collar crime. Why should I be penalized for playing by the rules? For instance, if I were to be forced into a short sale situation two things will happen: First, I will be taxed on the amount that is left after the home is sold. Even though the house was never worth what I payed for it, I will be taxed on the left over amount as kprofit! The banks we bailed out with our tax money see to it that I accept the underwater amount as profit via a 1099 tax form, and I will be expected to pay taxes fir the crimes of others. Secondly, my credit score, which is in the eight hundreds, will be hit with about a three hundred point drop. Now, all I want, if forced into a short sale, is to avoid being penalized on my credit score ... that is it, no penalty for selling my house for its actual worth. The real price I should have payed for the house in the first place. Not the inflated price set by the criminals who helped cause a world wide economic meltdown. And, by the way, I payed a 20.000 dollar down payment that I lose if I short sell my home. I simply believe that fairness is in order here.... Not a hand out just common sense fairness. So, help me understand why I should be penalized for playing by the rules.