I did it wrong!

“To help struggling homeowners, the plan requires the government to try renegotiating the bad mortgages it acquires with the aim of lowering borrowers’ monthly payments so they can keep their homes.”
Deal reached on financial markets bailout

Obviously, I should have gotten a highly suspect mortgage two years ago, rather than actually reading the fine print and deciding NOT to gamble with my financial future. Had I done that, Super Government would save me, too!

EDIT: Proposed legislation. Reading it now.

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  1. Jonathan says:

    Well, YOU might pay off your mortgage one day… lowering monthly payments on mortgages that in some cases alreay had negative amortization seems like it could create a debt burden for an entire generation. I think there’s almost nobody that comes out ahead hear, except the folks who took the money and ran.