Principal forgiveness for underwater homeowners?Any truth, or nugget of truth, to this LA Times article?I experienced a significant feeling of "are you really going to reward people for making bad decisions?" as I read this article. Can anyone in the mortgage/bank biz verify, or refute, any of this article's content?What about people who looked at houses and said "that's way over-priced" and didn't buy? Or people who didn't treat their houses as ATM's? Or people who recognized exotic loans for what they were and didn't abuse them to get in over their heads?I don't know about anyone else, but it bugs me that two people may have bought the same house, side-by-side. both for the same price. One stayed within their means and worked within conventional wisdom, putting 20% or more down. The other went in and obtained 100% financing. Under the plans identified in this article, the one who took the bigger risk may end up getting bailed out, while the more responsible owner is left with a limp handshake.June 16 2010 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.