I totally agree. Anyone who agrees to something without reading the fine print or understanding the terms and conditions...well, I really have no sympathy.
Should the commercial banks have required documentation to verify income...of course. For that, and other shady lending practices, they should bear some responsibility. But anyone who did not discuss all of the mortgage terms is either interntionally ignorant or full of it. They made the deal, now they have to get out.
Problem is, if evnough walk away, the whole economy will go with them. Vaporizing trillions cannot happen, and the government know it. They are just trying to get through the election before creating Resolution Trust II to deal with the problem.