>
> What is it that 'we' hope to 'win' ? Is it a battle ?
>
> Folks say that financial mismanagement has caused 'the problem'.
>
> From a slightly different point of view, it is the failure to _pay_
> mortgages that brought the financial system to this impasse. It's like a
> strike action - withholding service. Maybe 'we' already won? <shrug>
This is invidious. What you are describing is not a strike action - it's the result of an inability to pay, which is itself a result of the fact that the whole demand for mortgages was based on debt because wages were suppressed in order to restore profitability. Previously, homeowners could renegotiate their mortgages and it was manageable if far from satisfactory (in fact terribly difficult). Now they can no longer do so, so more defaults are becoming foreclosures. This is leaving hundreds of thousands of people, probably millions, without homes. A great many of them are presently shacking up with relatives or living out of their cars. 'We' didn't win at all. 'We' got screwed, first as workers, then as consumers, then as debtors.