Home Sales are up, but.......

Just read an article on www.marketwatch.com that noted in December that home sales were up 6.5% as prices continued to fall on existing homes. Some 45% of the homes sold were in some form of distress.....either in foreclosure or sold short.

At what point, instead of just handing out billions to the banks, do we insist, that if the government is going to get involved, to tell our government to tell the banks to refinance people. I still contend that NO ONE wants to lose their house! Not only that, you know that most of the people who have or are getting foreclosed on have tried to work with the banks and would like nothing better than to work out an arrangement that keeps them in their house and keeps the money flowing to the bank. Would it have killed the banks to refinance people to a lower rate, 40 year fixed mortgage...or 50 years if that's what it took.....shoot, what if the banks even got creative and said that you could refinance to a lower rate and longer term, BUT, if you sell or try to refinance there will be a penalty of some sort.

There is no free ride, and no one who could, or could have, been refinanced and helped us avoid the depths of the current situation on the housing market should be given a free ride. Getting refinanced with condition would have saved the banks AND the American taxpayer, ooooooooh, about A TRILLION DOLLARS!!!!!!

I am sick of our inept and corrupt government. I am sick of the people who have given up or don't care because they think nothing can be done about it. I am sick of the politicians in Washington who will do and say whatever they need to do or say to get votes or campaign contributions. It's time we get people in Washington and in every governors mansion across the country that will stand up and put an end to the exploitation of America.