This is unbelieveable, the US govenment is now in the position to take your property for pennies on the dollar if you should be so unlucky as to lose your job in the coming meltdown.  This is just the beginning, this week is going to be a bad week in the stock market.

Here in CA  housing values have dropped substantially but still have a ways to go to meet income levels, this bailout will not stop the fall as more and more properties go into foreclosure. The only way people were paying such inflated prices in the first place was because of the increase of the value of their homes from the housing bubble.

A dinky 900sq ft condo for $300k? As I said most people in CA do not have the income level to afford the payment. Matter of fact  this state is made up of a majority Mexican/Latin America  peasant stock with an average 5th grade education.

The damned government has no right to step in and prop up these unsustainble housing prices, it's not going to work because this is just the beginning of the unemployment meltdown.

The real prolbem in this is socialism/communism. It is bankrupt on its face value and than you have the CIA pushing femism and abortion because of the ignorant fear of overpopulation. This leads to the invasions going on in the West of Muslims and Latin Americans who if allowed to come here in too large a numbers too soon will litterally take over political power with the only known politcal stucture to them being dictatorship. Yes Mexico is a dictatorship run by the drug trade, real thugs!

So what is the powers that be answer to this suicidal pact? More of it, there is risk in the world and failures should be allowed to fail as a lesson for the future so as not to repeat the same mistake over and over again.

People should be marching to the nearest Federal building demanding accountability for one of the greatest crimes in the last 100 years.