BELIEVE IT OR DON'T

Listen to this. The government. OK, this administration is trying to get mortgage banks to reduce the principal of mortgages that are higher than the value of the homes for folks who are in danger of loosing their homes and want to keep them. Some would say that's a noble thought. But the bankers, especially the big bankers are against it. Well, actually they claim to be for it, but to do it only very slowly. Presumably slow enough to be too late. So the deal is they say it might be unfair to people who are keeping up on their payments. And that those folks might then default. I guess the thinking is that people will get mad and spite the bank into taking their home away from them. Would people really do that? Would you get mad at the bank and hand them the keys to your home so you could move in with your cousin who you can't stand? But it's important to remember that these bankers are the ones who's banks were considered too big to fail. They're the ones who had to be bailed out. I don't remember any banks who weren't big enough to not fail, getting mad and going out of business to spite the government, do you? So! They wanted to be bailed out but they don't want to bail out any homeowners. That sure does sound reasonable to me. Don't you think these bankers are being totally fair? Aren't they good solid citizens? Interested only in making sure that everybody has a roof over their heads? Even if that roof is the parking garage at the bank? Open between 10:AM and 4:PM. And remember to do your banking at XYZ where you get a free silver-plate candy dish for opening a new checking account.