Why are we seeing very high unemployment, decreasing housing prices, record foreclosures? Why are we letting congress get away with coddling the banks and fleecing the homeowners? Besides the fact that the majority of elected officials can be bought by the big money banks is something I don't know.
I can say that the one of the fastest most effective ways to help the economy and to lower unemployment is to force the banks to work with homeowners to keep them with a roof over their head. Having a normal housing market could take the unemployment rate down a few percentage points yet we see the banks dictating policy and refusing to do much of anything to work with with homeowners. Unless something is mandated by the federal or sate government the banks will exploit the situations for their own gain.
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