[lookout123]

1) i'm not in favor of bailouts. for anyone - companies or individuals.
2) ARMs are not to blame, they are a valid and useful loan when used correctly.
3) Dana this is similar to the UK situation as this IS a market slump, caused by the inevitable increase of mortgage rates from historic lows, which in turn causes home values to stall and pull back, preventing people from making the "quick buck" they thought they'd get in an ever increasing real estate market. most of these people bought these homes they can't hold onto using the "bigger fool" logic. they would hold onto the home until a bigger fool came along and paid them a huge gain and THEN they'd buy a house they could really afford. dummies. greedy dummies.