I've got some nagging questions about the current economy.
1. If we declare bankruptcy, or go into foreclosure, the bank will then own a house they can't sell. Our home is currently valued at $359K (that's another story!) but we had it on the market for 6 months and had only 2 showings. A house two doors down in foreclosure has gone from $350K to $170K and still won't sell. So if our bank will be stuck with a house they can only sell for peanuts, why not just renegotiate with us for those peanuts and let us stay in our home? What's the difference? Either way it's the same $ loss for them.
2. Have you been watching the CSPAN coverage of the big three auto makers asking for taxpayer bailouts? All three men flew to DC in private jets, and only one (Chrysler) is willing to consider a CEO paycut and flying commercial. What's wrong with this picture?