As home prices fall, more borrowers walk away

[Evasporque]

33. So the couple bought a property they could not sustain payments on....

So here we are...another shining example of how Republicans sucked up to big finance money and gave them the moon and stars...and in the end some couple assumed too much risk while the banks and Republicans walked off holding the cash leaving the home owner's the empty bag for of empty promises.

Americans believed that Real Estate was the best investment...the propaganda machine worked overtime to get everybody buying overvalued homes that people ultimately could not afford...inflated real estate prices and bank freely loaning to anybody with a pulse...Bush and Co. were the biggest cheer leaders in 2002 to enable homeownership....despite cloudy economic outlooks...compounded by War...no it was a beautiful plan...take the money from people who invested in real estate...bilk them and trick them into taking more they could afford, knowing the bubble was going to pop...then take their retirement and healthcare and ultimately take everything.

Who is to blame? Lots of people are....but in general it is the overall immoral financial industry supported by corrupt CONSERVATIVE politicians.