So this is why Paulson does not want to redefine bankruptcy laws and let mortgagees have an exit.
This is how wall street gets off scott free and not get held accountable for this credit crisis.
this is how he can say that the taxpayer may profit SOMEDAY.
It doesn't help the mortgagee, it assigns him to indentured servitude to the government until his debt is resolved. slavery.
why he is ramming it through so fast? easy Paulson's buddies on wall street are dropping like flies and he needs to act fast enough to save as many as he can before MS, or WM, or even GS gets hurt more by this crisis.
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