“2 million people were likely to lose their homes”
So what? When people buy things that they can’t afford, F-em. Serious. That is the way the world works and it isn’t governments jobs to cover for bad decisions. You can blame lenders, you can blame government, you can who ever you want. In the end, it is up to the individual to make their own decisions on investment. If they screw up, then they screw up. Too bad, so sad.
And if government does intervene, then they will only string out the inevitable. It is better to take the hit and move on then to keep putting your finger into all the little holes in the dyke.
For the dyke will break and all those folks standing next to it with their fingers in it will be washed away! Same goes for those idiots in the village below who did not plan for what any idiot knew was coming.

Hey, this is just a bunch of poor people who can't manage their finances. If they were like rich people like us, the mismanagement would make them lots of money. It's all their fault. They aren't mismanaging the right way.

John - Funny.

But seriously, it is total BS that politicians and the media are making this a "poor people" problem and that this sending families with incomes less than $50k on the streets. In some cases, it may be. But a vast majority is people who are well off who got greedy.
I live in the Chicago West Burbs and I don't think that "poor people" bought the $750k+ homes that are now flooding the markets in Naperville, St. Charles, Geneva, Elgin and Aurora.

I looked and couldn't find that the lib's had a homework assignment to be part of the solution. Pelosi is worthless. So soon they forget that the 100% financing was a Dem deal from Ms. Clinton's future ex-husband and his pack of knuckle-heads. The real winners in the mortgage meltdown are the workout lawyers and Trustee's that are churning the foreclosures.