45,000 and Counting
Maybe, just maybe, the weathervanes proposing all these housing bailouts will begin to understand just how huge the crowd is that didn't go out and gamble on real estate. And maybe this group of knee-jerks can be frightened into sitting on its hands and letting the market solve the problem -- letting house prices fall quickly, without tossing taxpayer money down the rathole after it.
These bailout plans are doomed to fail anyway, and deep down, even Frank, Pelosi, Schumer, and Forrest Gump probably know that. No reason to let them charge us for the mistakes of our neighbors, and greedy "investors" from Main Street to Wall Street.