What I know about economics would fit....oh you know the rest.

But I just saw this:

When I heard Joe Biden talk about giving courts the power to reset mortgage principles I thought he’d simply misspoken. Today I see it is a central point in this garbage “bailout” that I am less-and-less persuaded we “absolutely” needed, this “quickly” - mostly because I so distrust the manner in which this whole episode has been served, and the bad faith in which certain moves were played.
The Anchoress