I am not quite sure how the new economy is going to look once the government figures out how to bail out all the companies that took part in the housing debacle, but I do know one thing. You and I are going to pay for it. It is so revolting to think of how all this came about. Too many people taking advantage of too many people. Plain and simple. So many of these foreclosures are taking place because the people who were given these loans, couldnt afford them in the first place. Whos at fault the homeowner or the loan officer? In many cases, I believe that the people applying for the loan were truly not aware of what they were getting themselves into. If that was the case, then shame on the loan officer. If its not, then shame on them.