If I own my home, why should I worry about the banks? What a tangled up mess of contradictions and confusions resides even in usage of the word "homeowners" in relation to the real estate and equity scams perpetrated by these institutions for quite a while now!!

If one were to disentangle the majority stock ownership of these banks, one would end up with a very small list of names and family relations. And, together, this relative minority owns and controls the major assets of the USA.

The government will side with the banks, despite a host of mirrors, smoke and other glittering distractions. Because the banks own the government.

It's all about Debt, and feeding from the roots up to that twisted, ugly bloom that is more a thistle than a flower. This time around they just took from a larger proportion of the population than in "normal" times and a whole lot more people got a "rude awakening" to what are day-to-day truisms around here in the lower ends of the social order.

Just enough will be done to manage and control the disruptions in social relations this has all brought about. No more than that.

It just makes sense to be doubly careful when using the word "own" in reference to things we use and have at our disposal. Many times, that's not really the whole truth of the matter.

That "vile maxim" mentioned somewhere by Adam Smith holds true for Capital at all times: "All for me, none for you".

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By homeowners it is assumed we mean borrowers. The bank owns the house.

So, while I agree banks should show some heart and do workout deals when people lose their jobs and have been current in their loan payments, those dumb enough to buy something they couldn't afford to begin and are looking to have payments reduced because they are over their head, well, they deserve to lose it.

I'll gladly buy their house at a discuont and rent it to them, so long as they pay the rent..

There are no free rides as most Americans do the right thing and live within their budget!

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My grandmothers and parents lived through the last Great Depression and if they taught me anything at all, it was never buy on credit. If you can't pay for it, you don't need, it. I don't have a mortgage and god willing, I never will. I own my home, a very modest one, but mine, save for the draconian property taxes I must pay to live in it year-in, year-out.Those are frightening enough, living on my extremely small annual income. I haven't bought new clothes or much of anything else in the last five years due to reduced circumstances, and no matter how tempting, those credit card solicitations I get in the mail go straight from the mailbox to the shredder. Thank goodness I had the intelligence to follow excellent advice, for like my fellow countrymen and women, I too could be looking at a life of despair over having or not having a roof over my head. I had to save for what I have. It was slow and often not easy, but I did. My security is relative to taxation by my city and county, but at least that is ALL i have to be concerned about. "Never a borrower nor a lender be" is sage advice.

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I REST MY CASE.

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That's not quite true. The big bankers, insurance company execs, hedge fund execs, etc. see to be riding along quite luxuriously off the sweat and money of the rest of us, even when they basically stole it from their customers and the U.S. taxpayers!

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I've been seeing a lot of comments from Republicans and others on the right blaming the little guy (and gal) for the mess the economy is in. In my opinion it is nonsense.

The elephant in the living room is that the basic economic policy under Reagan, GHWB and GWB has been to siphon an ever greater proportion of our country's wealth into the pockets of a few people. Anyone with any sense of history knows that this is a recipe for depression.

Even worse, at the same time the average citizen was urged to go further and further into debt with assurances that everything was rosy and there was no chance the bubble would ever burst. Things got a little better when Clinton slowed the trend down for eight years.

The truth is that you can't sustain an economy solely on spending by the very rich. If you purposely undercut your own middle class you will cut the economy off at the feet.

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