Reply #20: Yes. I think the people in trouble need to be looked at individually.

[Vinca]

Some may not be able to pay an adjusted mortgage, so they might as well let the chips fall and get on with it. In an ideal world, everyone would get to keep their home, but in real life, some people got caught up in big screen/swimming pool/granite countertop fever and really overdid in the refinancing department or purchasing department. If you had a $40,000 salary and bought a $400,000 no money down home, you'll be in trouble no matter how low the interest rate is. In the end, you can't bail out everyone, but something is better than nothing.