Mortgage bailout what do you think I think

And of course I will tell you what I think.
We have been very fortunate these last 10 years of our home ownership with a fixed rated 30 years mortgage, we couldn’t rent for what we pay.
But this is our fifth home that we have owned in the nearly 38 years of our marriage.
Foolishly we got involved back in the 1980's with one of those ARM type mortgages, and then also without much thought took out a home equity making our payments quite high when that ARM went up three points higher.
Then my husband got his new job 5 hours away on the other coast of the state, and my company went belly up and ooops horrors I got very ill, not able to work.
He moved to his new job and rented while I stayed behind to try and sell our now overpriced home.
So we do understand how things financially can get out of hand.
If we didn't get some major help at that time and sell our home at a major loss we would have been not unlike the many of today that are in foreclosure, but we took the hit and got out.
So my emotions are mixed with this latest concept of bailing the unfortunate people that are in or near foreclosure out.
I must admit that at times our neighborhood has the look of a ghost town, and those empties would sure look better with live occupants, but at what price to us fortunate taxpayers with just enough to make all our bills by the skin of our skinny, skinny skin.
The times are truly hard, but I feel if we could possibly be cautious and help the ones who really are just unfortunately in this situation by trust issues, and perhaps over zealous banks handing our monies like candy.
But I believe those multiple home owners that were in it for the inflated short spurt of higher valued homes and over extended themselves and over bought with thoughts for of making a quick flip, nah they should figure a way out themselves, smarty pants!

Many have been suffering and rightfully so since they have basically been taken by mortgage brokers who wanted to look good with some type of quota.
Others were just perhaps first time buyers that truly didn’t know better.
Banks don’t want the homes but they should be wholly responsible for fixing the problem that they created. Lowering the values of the homes that they financed and then the mortgage rates with also adding on an extended time to pay, for young families that 40 year concept could work. Maybe now greed could be waylaid and true altruism could conquer the problem for the remaining lenders once the big bailout helps them.
But who really knows?

Good night to all and to all don’t hurt your brain on this, others have been paid to do that.