Demanding that Homeowners Make Good on Underwater Mortgages Is the Height of Moral Hypocrisy

The Feds, the mortgage bankers, financial banks and investors in mortgage-backed securities conspired to let persons purchase dwellings with little or no cash down. One's alternative of villains in the saga that ensued is founded on where one is seated in the political wars. Investment bankers. Mortgage bankers. Standard & Poor's. Barney Frank. Chris Dodd. Frank Raines. Alan Greenspan. Whatever.

But now, faced with a cascading foreclosure difficulty, homeowners a dubious idea for proprietors of a house with none equity are being notified that the lesson and ethical thing ...