Hey Jamo,
Tell us what you really think!
This is exactly what I have been saying. I am in the business and I say do not bail them out. They have lied to everyone, gotten greedy and took advantage of cheap money and are still raising rates as we speak. All these loans that are now sub-prime were NOT sub-prime when they were taken out. Raising rates way beyond the bases points is what made them that way.
Just because they can raise rates does not mean they should, but they do it anyway. I am with Jamo, screw em, let them fall were they may.