With all the "crap" coming out of Washington lately, I've been trying to get some kind of handle on what is truly going on. Sadly, I have failed to make much sense of the whole mess. I am not at all sure "they" know what they are doing or where they are going. They started approving money (700 bil) for the purpose of buying up troubled mortgages to stave off the foreclosures and open up credit to buy home, cars, etc. Somehow this got transferred to pumping money into banks, insurance giants, and govt entities (freddie, fannie). Short of a few programs to restructure existing loans, nothing has been done to buy up any toxic mortgages. This seems to have been pushed to the back burner to assist wall street, the auto industry and who know who will be next. Looks like the state goverments will be next in line. Wow! What a turnaround. Maybe somewhere down the road the homeowners will bet some kind of relief but I cannot predict when or how. How long can we hold our breath??