This is, currently, the American Way: while Big Banks get to keep billions made off taxpayer monies, homeowners get screwed. Read about the numbers. And here's the narrative from the NYT. Home prices will continue declining as 2013 will be the worst year for foreclosures. It's patriotic to observe that the US is no longer a democracy with capitalism as prime determinant; it has devolved into a kleptocracy. Watch the sadness:
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