Foreclosures are "mean", "they will drive down property values", blah, blah, blah. No one threw money at me when I had to come out of pocket to payoff my mortgage when I sold my first home in 1994. Lesson learned.

Unless there was fraud in the inducement, there is no reason for the government to get involved in bailing out persons who entered into risky mortgages in order to purchase a home that they could not afford. My wife and I have always lived within our means, whatever they were at the time.

It is absolutely galling that the fiscally prudent must pay for the poor decisions of the gimee-gimees. A college professor once defined life as "a series of instantaneous benefit-cost analyses". Similarly, life is the result of risk-reward tradeoffs.

Where are the private mortgage insurers in this mess?

This global economic storm may never become a Depression but I believe this era will be known as "The Great Recession!" for decades.

If they want to "press for an end to foreclosures", they are not advocating foreclosures - to the contrary. Very misleading title.

You people who want us responsible people to bail out the irresponsible make me so darn angry.. Why not just replace "distressed homeowner" with "distressed credit card usurious rates" or "distressed 401k plans".. Where the heck does it end!!! What makes the homeowners so special? I lost my job .. so where is my help with my interest payments on my credit cards?

Wouldn't a Foreclosure Advocate be someone in favor of foreclosure?