Rick Fine

Loan modifications for people facing foreclosure is not the answer to stopping the decline in values unless of course America wants to become the newest communist nation. Bailing out or backstopping financial institutions will not stop the downward spiral of the housing market either. To keep financial institutions who made poor choices on life support instead of letting them fail as they should are the actions of an immature and selfish people. America seems to be fleeing from the concept of personal responsibility and accountability for our choices. Worse yet, those of us who continue to make payments on time are being penalized for doing the right thing- that is, working longer and harder to make up the difference needed to pay the bills. Guess what, I owe too much on my home too. That sucks. Oh well, I guess that means I need to work harder to make enough to pay the bills. If I fail to, I lose the house. That's the way it is supposed to work. If you bought a home or financed away all your equity during the madness now known as the real estate bubble, you are smart enough to have known that there was a risk in leveraging real estate during a boom. To pretend that a person was too stupid and un-sophisticated to understand their actions is a cop-out. Requiring those that continue to work and make their payments to pay for your refusal to accept the consequences are the actions of a coward who is not fit to own property in the first place. This is like giving a drunk lite beer instead of grain alchohol, while it may provide some immediate relief, the problem will only continue to escalate until the bottom is found. Only then can we begin to 'Hope For Change'....