Five percent unemployment.........

does not equal a recession. Its not even that bad. The natural rate is about 4.5%. (No one can agree what the natural rate actually is). If you're working in the banking industry or the mortgage industry, you're unemployment rate is higher. Well, maybe you shouldn't have lost billions of dollars. Cause and effect, BOA, cause and effect.

A couple of other things. If you can't pay your mortgage, get a better job or rent. "Predatory lending" doesn't exist. If you don't make three times the amount of your mortgage, no bank will sell you a house without a cosigner. And if someone cosigns even though you can't afford it, then you're both retarded. Its not as if all these people are going to be homeless. No, they're going to be renters. And they should be renters because they can't afford a house. The Constitution does not give us the right to own real estate. Either rent or make more money.

Finally, even though I could use an 800 dollar rebate, I hope the government doesn't pass a "stimulous" package. We have trillions of dollars in debt. Which means we need to either raise taxes or cut spending. We don't need to pump 110 BILLION dollars into the economy over the short term. That's really not that helpful.

Then again, maybe the government is a victim of predatory lending. The government didn't KNOW they'd have to pay back that money!