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Jay is correct, why are we the tax payers bailing out people that borrowed money with a flexible loan or anything else like it or worst should get a bailout by getting to get a better loan rate when they took the risk of taking that loan in the first place. They took that loan out to save money, but many of them didn't put the money away for the hard times, they just spent the money away and now they are asking for a free helping hand to fix their problem out from the rest of us. My Wife and I saved and saved so we could afford the fixed rate we applied for that we knew we could afford then and even in hard times, its not always easy to do so, and of course we all want a nicer or bigger place to live but at all time should we know what we can afford. If the people that signed a loan they didn't understand, then they shouldn't have signed it in the first placed and probably wasn't eligible in the first place also. Yes, the Bank Institutes are largely to blame in many cases of giving these loans out but ignorance isn't a excuse in any law nor should it be in the housing industry or in the financial market or the Corporations of America or anything else...Many of these CEO of many of these Cooperation's should be put in jail and make them pay back everything they own from their Homes and the money they took in bonuses and salaries and put away in some other county, they put this great nation in trouble with what they did, they knew it all had to come to a close at some point. Corporate American should not be so dame greedy to put everyone in this nation and the world in jeopardy of losing the value of our stocks, are homes and everything else that revolve around the Financial Institutes. Our Nations Congress, our Representatives of our states must put into "Law" safe guards - Regulations to monitor these institutions of not letting this ever happen again. What has happen is to blame our government of letting this happen in the first place, they just wasn't doing what they were hire to do and we the people are going to be paying for it for the rest of our lives which I'm in my fifties and almost worst of all, our children will be paying for this tragedy that congress let happen the rest of their lives, also because the Republicans and the Democrats have to sit on their asses and argue and fight between them selves for what they want and not what the people want and need. We all have to live in this great nation of America, so lets get this problem done and keep it straight from now on, period!! Get your ass to work...

— John-906967

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