Everyone Gets A Chance

Whoever wins the elections, they will get their chance now:

Fannie Mae and Freddie Mac (backed by taxpayer money) took over bad loans from the big banks.

Fannie and Freddie have a legal right to return bad loans, especially if they later discover fraudulent statements on applications. Any money they recover offsets their losses.

Of course, the big banks don't want them back. They prefer that the taxpayers continue to be the burden bearer.

On this topic, over the next few years, there is an enormous inventory of houses with delinquent loans on that will be put on the market over the next three years. This will keep the housing market static or declining. I  suggestes some time ago we bulldoze a lot of these, particularly ones with poor construction. This group could amount to 50% or more of such housing units.