Watched on the news this moring that they are now going to start bailing out indivuduals who are defaulting on their mortgage. To qualify you must be 3 months behind on payments. They plan to cut those individuals interest rates in half, as well as to make the majority of their monthly payment donated to the principle balance. I thought the corporate bailouts were getting ridiculous, now individual bailouts. Jim Kramer explained how the individual bailouts help all of us by stopping the continuing decline in the housing market, and help restore home values, but I don't know.

My wife and I were considering re-financing - but the process is a pain in the behind, and we have to come up with a pretty large amount of money for closing and fees. I guess it would be alot easier, and cheaper on us if we just quit paying and let mortgage company refinance for us for free - probably get a better rate.

I am about as liberal as you can get on most issues, but also think there should still degree of personal accountability for your actions.