Originally Posted by Pete Geither

Interesting bit on 60 minutes last night. Showed the housing deal for what it really was,,, plain old greed by everyone involved. Most of the people are just walking away and are not that bad off. According to the piece a LOT of them got mortgages for 100% of the value, plus extra money for whatever. So in actuallity, some of the buyers may come away from the forclosures with money in their pockets.