mortgage defaults

Extraordinary suggestion from the Fed

Seems like Chairman Bernanke is urging banks to offer a deal to borrowers by forgiving part of their mortgages. Well, they're supposed to be borrowers who look like they will have trouble meeting hire interest rates or refinancing. But hey, I've got my troubles, haven't y'all. Seems to me it might be time for a "rent strike" like in the 'sixties only this time round it would be a mortgage strike.