I was thinking the same thing myself. I believe the mortgage problem is not over yet. I do hope that oil prices continue to slide back down for a bit of time though as that will help some of those who are really hurting.
Alan Greenspan Sees Housing Prices Sort of Hitting Bottom in mid-2009
Greenspan said that he expects housing prices to begin to stabilize in the first half of 2009 although they could continue to drift lower for quite some time thereafter, even after essentially reaching bottom. Greenspan, however, is not changing his long-standing belief that Freddie Mac and Fannie Mae represent the root of all evil...
Ref. Source 1
Didn't the Government already make arrangements for the US to bail them out?
US government take over
Plans for the US government to take over the failing mortgage giants Freddie Mac and Fannie Mae are unveiled by the Treasury.
The government uses Tax payers money to Bail people out. This doesn't help. It makes it worse. This is a supposed to be a capitalist system. It will further devalue our dollar and only prolong the upcoming depression.
It isn't the government that is paying. It is us. They should have let them go under. They shouldn't even be involved.
Does any one see this as socialism?
It is a much bigger issue then just the USA many financial institute are effected buy this mortgage issue. This is the reason the American government is getting involved along with trying to save two major economic forces n the States.
If they do not how will the rest of the world react to being in business with the Americans in the future?
International Level: Senior Politician / Political Participation: 188 18.8%