She's looking for a handout. The sense of entitlement of some people in this country is sickening. "I want to ask you to re-finance my mortgage at the current

She's looking for a handout. The sense of entitlement of some people in this country is sickening. "I want to ask you to re-finance my mortgage at the current value of my house at a 4.2% rate, like everyone in Congress is suggesting." Oh, come on. That's ridiculous. Basically, everyone that didn't go out and upgrade or buy a big house gets shafted because those that bought big houses would get bailed out to the tune of the current market value and at a rate way below market value for their loan? That's just foolish and sends the wrong message. I bought a house in the San Francisco Bay Area in the east bay for about 450k in 2001. The house is still pretty well above water but I have that thing on a fixed rate loan at 5.5%. I've managed to pay off a decent chunk of the house as well because I stayed conservative. And because I decided to stay put and not upgrade even though money was cheap I would basically be told to piss off because I did the right thing. No, no, no. Luckily she has it wrong anyways. The law being tossed around would only be for people in bankruptcy if I read it correctly but then again it changes every day. I really hope none of what she is hoping for comes to pass. And if, for some reason there was a relief bill passed, there should be some sort of payback clause in it where they government would be entitled to a portion of any "profit" on the house when values start to rise again and the person sells it. Think of the way affordable housing works where the buyer can't sell it at "market rate" - they are only entitled to a certain amount of appreciation each year. They can even add in credits for capital improvements so the owner still has incentive to maintain the house vs. letting it go into disrepair.