> With the seller's loss of downpayment equity and possible continuing
> obligations after a short sale, the banks wouldn't
> have 20K of "skin in the game".
I know it's fashionable to just beat up on banks pell mell, and I'm not trying to generate even an ounce of sympathy for them, but you do realize that this is one of the longest lists in history, don't you?
http://www.fdic.gov/bank/individual/failed/banklist.html
/jordan