I think today I am finally officially done with Romney

[Archaea]

You don't understand what Obama did.

Obama propped up the banks by using taxpayer money to help them foreclose to crash prices more. Bush wanted that money to reduce principal. Both bad ideas but if you're going to do one, then do Bush's.

The better idea is to remove the mortgage insurance, let banks fail so that banks and homeowners resolve the matter on their own. That would stabilize prices without taxpayer money. Obama had the worst option of the three. In other words, he got into bed with the banks to screw the homeowner with homeowner tax money. How'd you like that?

[MikeWaters]

So you want the govt. to pay down people's principal on homes, ONLY if they are near foreclosure.

More transfer of money to idiots.

You live in Vegas where the market was so overblown that it was ridiculous. It HAD to pop. Anything that keeps that bubble inflated at this point is bad.

[Archaea]

You read too quickly. My preferred method was for government to pay nothing, to stop paying on the mortgage insurance and to force private homeowners and banks to negotiate without the advantages and intrusion of government.

If government must be involved, which I state is the lesser option, then it should pay the same amount of money to help keep homeowners in their homes as opposed to rewarding banks for kicking people out of their homes through foreclosure and to create a windfall profit, thereby forcing the home market in Las Vegas back twenty years.

Your understanding of the Las Vegas market is limited to the news reports. The causes relating to the real collapse is not a simple function of over-invested inflated prices. They are much more complex, but the banks which helped willfully fueld the inflation are also profiting from the collapse based upon taxpayers reimbursing banks for making foreclosures.

So no, your conclusion my position is completely misstated.