Thats exactly right. Slick willie's boys put pressure and mandated a bank make a percentage of loans to people who could not afford a house including illegals. The republicans tried to get laws in place to stop the practice. I so no problem letting the banks file chapter 13 and people losing houses they can't afford. That will give people like myself, who paid my mortgages off early a chance to buy property cheap. I think its better to let the banks file BK and the others lose the house instead of spending a trillion bucks causing hyper inflation and a currency collasp.