…about why they aren’t just bailing out the homeowners.
A kind of post-cynical answer is, the homeowners are subject to shame and have no concerted power in Washington, whereas the banks have no shame and have almost all the power.
If Congress is just going to swallow this and ask for nothing in return—one TRILLION—they suck. At least a repeal of the bankruptcy laws to let people get a fresh start after being irresponsible peon idiots with their mortgages. You know, a “restructuring.” Works for the irresponsible patrician idiots at the banks.