THE COUNTRY FACES A BIG DILEMNA. NO, NOT THE SHMUCK IN THE PHOTO ABOVE. THE HOMEOWNER DILEMNA. THE ARGUMENT ON BOTH SIDES IS UNDERSTANDABLE. SHOULD WE BAILOUT HOMEOWNERS BY FORCING LENDERS TO REFINANCE OR SHOULD WE LET THE HOME OWNER MARKET CRASH SO INFLATABLE PRICES COME BACK DOWN TO EARTH? WE THINK THAT ALL REFINANCING SHOULD START WITH THE CURRENT PRICES OF THE HOMES. 20 PERCENT OF MORTGAGES COST MORE THAN THE ACTUAL HOMES NOW. BANKS WILL CRY AT THIS PLAN SAYING THEY ARE LOSING MONEY. TOO BAD. CHANGE THE PRICE OF HOMES TO THEIR CURRENT VALUE AND START FROM THERE. THAT'S FAIR. SORRY BANKS. SORRY LENDERS. YOU'VE DONE ENOUGH HARM ALREADY. IT'S TIME FOR REGULAR SHMOES TO GET A FAIR SHAKE WHILE WE TRY AND WORK OUT OF THIS MESS. AS FOR THE GUY IN THE PHOTO, HE'S SCREWED EITHER WAY.WEED IS GONNA BE TAXED SOON, AND COLLEGE LOANS WILL BURY HIM LIKE BUYING A HOME HAS FOR TOO MANY FOLKS. GREAT WORLD WE LIVE IN THESE DAYS.
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I forget... why is it that these homeowners can't pay their mortgages?
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