What if 25% of homeowners mortgages defaulted in one year?

[Fnord]

Paging Borodog...

A government bail-out makes me want to vommit. It's almost oppressive to make the people who didn't get a silly mortgage or give away money to those that did pay-off other's houses.

Then again, I bought high, sold higher, moved to LA and rented seeing this comming. I guess no good deed goes unpunished.