Hmmmm, seems to me no one from government came to my resuce when the stock market dropped and the margin calls started.

I took my beating. Had to down size home and cars, ended up divorced ( not necessarily a bad thing ) got my credit beat up pretty bad etc, etc...

But I worked my way back.

Seems that it shouldn't have taken a rocket scientist, or even an economics major to figure out the you couldn't afford a $600K house on a $50K - $60k income.

You screw up you take responsibility for it and learn from it.

I read today that there are something like 2MM of these loans still out there that will adjust over the next 2 years. I wouldn't look for this to get too much better anytime soon...