Has there been any discussion about home owners going after these banks for inflating the housing prices and causing people to lose all of their equity in their homes?
I saved up 40K for over the course of 7 years and finally bought a house in northern california. Now my house is 200K under water and I will never get that money back. I was not gambling on the stock market. It was technically an investment, yes, but the facts I had available about housing prices were all based on rampant fraudulant activity from the banks. I did not have correct information that I was purchasing a super-high-risk investment.
Why aren't we suing these banks and forcing them to give us their bail out money?