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Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
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[quote=Anonymous][quote]After all the wailing and gnashing of teeth over those evil banks which gave out all these terrible loans (and I don't totally disagree with that, by the way), you suggest that lending institutions be permitted (or even required) to refinance a loan no matter what the value of the underlying collateral is. [/quote] Some form of mortgage cramdown should've been a requirement of the bailout. These guys made the shitty loans, and they were the experts. So they should be required to eat some of the losses along with the homeowner.[/quote]
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