On Wed, Oct 20, 2010 at 7:49 AM, John Williams <jwilliams4...@gmail.com>wrote:
> On Wed, Oct 20, 2010 at 7:38 AM, Nick Arnett <nick.arn...@gmail.com> > wrote: > > > I could tell the horror story of our efforts at loan modification, but > I'll > > just say that it is one of the stories submitted to the Justice > Department > > by the House California Caucus. > > If by loan modification, you mean getting someone else to pay back > some of the money that you borrowed, you might want to consider that > it is likely that it will ultimately be average taxpayers footing the > bill, and whether it is fair that taxpayers who did not agree to your > mortgage should have to pay some of it off. The average taxpayer elected officials who deregulated the financial industry so much that it became impossible for the average taxpayer to be able to know the actual value of a house. We got the government we deserved and the price of it. None of which really has anything to do directly with the lender's behavior today. Nick
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