Megan: Still Not Getting It

Best Wishes for the New Yr. (If not new decade.) to most. However,

But the implied combination of tiny savings, minimal income, and inability to find a paying tenant in a real-estate market with a sub-2% vacancy rate, does not suggest that the solution to his problems is a mortgage modification.  I'm not sure what the servicer could have done, other than foreclosed outright.  Or what Felix thinks this has to do with people who decide to default on their mortgages so that they'll have more money to spend on cruises and new furniture.

Here's the point, Mlle. McA.: What this has to do w/ your previous tale (the horrid immoral bastards who left their houses & mortgages to spend their money on furniture & cruises, & probably ruied their credit in the process) which did, indeed, describe a horrible affront to the entire mortgage banking community, is that "going on a cruise" is not the principal, primary or even main reason that people are stiffing their mortgage servicer. The tale seemingly told by Mr. Salmon's "sad case," involving job loss, is the real story of the millions of Americans in serious financial trouble, not the exceptional defaulting douchebags that some twits get all excited about.

Also awful:

Modifications are supposed to be a deal that makes both sides better off by avoiding the huge costs of foreclosure, not a vehicle for transferring wealth from bondholders or bank shareholders to people we like better.  The latter is what the progressive income tax is for.

Oh ha ha. Guess what, toots: I like defense contractors & American military morons who kill babies from 30,000 ft. (or the other side of the world) even less then I like bondholders & bank shareholders, not that the entire group of them aren't firmly interconnected & equally evil. Not very likable, either, what w/ their being murderers & such. Apparently in Megan World the horrid progressive income tax all goes directly to welfare cheats, people who go on cruises w/ their new furniture, & the millions of lazy bums who have a better life on General Relief & Food Stamps than if they had a job.