That is why I chose 30 years.  The real scandal is that the very banks that created the mess may well be cast as "Savior banks" and be further enriched.  I don't have objections to savior banks getting some of the equity as an incentive, nor  for the homeowners losing some of their equity.  But I feel that the government should get more than the banks or the homeowners.  Use it as security for future Social Security and Medicare obligations.

"It is not necessary to have hope in order to persevere."