Is it possible that trying to delay foreclosures only postpones the inevitable?
Is it a surprise that people with damaged credit who are classified by lenders as subprime and-or Alt-A are defaulting on their mortgage obligations?
Is it a surprise that real estate speculators can lose money as well as prosper if their assessment of risk is faulty?
Is it possible that people who are upside down in their mortgage debt in relation to the current value of the property would be far better off to simply walk away from onerous and draining debt?
Never miss a local story.
Is it possible that we are only part way through the real estate meltdown and there is still a long way to go to make homes affordable again for many people?
Is it possible that this real estate debacle could be viewed as a learning experience for many people?
Conclusion: There are always winners and losers in a capitalist society such as we have in America. Capitalism rewards people on the right side of an investment and penalizes people who make mistakes -- as we all do. That's how we learn.