"Only a small portion of problem loans," can be saved, said Deutsche Bank analyst Karen Weaver. "In some cases the lender is better off just taking back the property and just selling it."

Selling it for what? If the value has dropped, then you might as well let the owner refinance at the fair market value and stay in the home. If you flood the market with all of these foreclosed dwellings, the value is going to drop more and there aren't any buyers. This makes no sense to me. How can the American People subsidize a bailout of the PAPER HOLDERS when the owners of the collateral get screwed? WHAT IS WRONG WITH THESE PEOPLE???

Bailout offers little hope to thousands facing foreclosure