Something Has To Give!

 After watching yet another infuriating piece on the banking industry continuing to fight homeowners trying to save their homes by modifying their loans through modifications, I have to ask, what IS the right thing to do.  Hundreds of billions of dollars went to bail out these dysfunctional institutions, yet they are unwilling to use our money to right the wrongs they played a major part in.  Where is the justification of not working with a current owner to reduce their principal balance to the market (as they so readily did with their securities (in the other direction))?  They instead find it more prudent to sell below that amount through foreclosure.

I am not one of those that used my home for an ATM machine.  We bought our home at the right time, watched the equity rise nearly 80% than fall to 70% of what we originally paid..  Should we, like so many others, stop making payments to get the bank’s attention?  Should we ALL stop making payments to get the financial system’s attention?  Government continues to talk of assistance, but only increases their assault on our privacy, rights and our constitution.  Enough already.  Something has to give