[GET WITH THE PROGRAM]

FORECLOSURE simply provide yet another OPPORTUNITY for..........? ...irresponsible consumers to continue to mismanage their $ and dig themselves into more financial trouble? How about those industries that need a rescue plan? Shouldn't they be allowed to FAIL and pay the consequences for their shoddy products and lousy management?If Uncle Sam continues to rescue people who live beyond their means, where will the incentive for living fiscally responsible come from?

[Brian C.K.]

Quite possibly.

[Bill O]

no, because their payments would be lowered. it's not as if they're getting new low interest loans to go out an buy more houses.

[logan]

Wouldn't you think that it would be better for the banks, municipalities and the people who own the house right now for the house to stay occupied? Therefore, the people will still be paying their mortgages to the banks, still paying taxes to their municipalities and the house will not sit empty keeping the neighborhood attractive and kept up for other home owners and property values and new buyers. As far as the big three goes, you really don't want to hear me go on and on as to why I am for helping them. lol

[D W]

It's a very complicated matter. First of all many home buyers were approved for loans they can never pay. Fannie Mae & Freddie Mac, Barney Frank, Chris Dodd and lowered loan standards, a debt to loan ratio that wan't followed by lenders and banks because of threats by the feds..... It will work itself out in time. The bail-out is to try and stop the downward spiral in home prices and to slow down the foreclosure rate. Also I think it's designed to keep lenders fluid, active and solvent.