**** that. Why should I bail out everyone dumb enough to think it was impossible to lose money buying a house?
I most especially have no sympathy whatsoever for anyone still living in a house and financially able to make the payments, but who is upset because "It's under water." Tough shit, dall the whaaambulance. You made a bad deal, and you have the same damned house you bargained for and got, so FOAD, you aren't out any money that ever really existed in the first place. There is no reason on Earth for everyone else to have to involuntarily buy into fixing you up on the bad deal you voluntarily made.