Replies to post #106216 on ajtj99's Market Pulse

[michael03332002]

as long as the banks have the opportunity of a bail out of some kind, then they will NEVER use good judgement

sort of like politicans, as long as they spend OUR money, it dont make a shit, but lets take some of THEIR money and see how she goes mate

M

[nancy2]

Unless the homeowner files bankruptcy, the "forgiven loan" would be considered "income" by IRS - so those walk-aways would face sizable tax bills.