[AlexMuir]

Buy it back with what? Nearly everyone would need to get another mortgage to buy back their debt.

[wdewind]

What if we had taken the bailout money and simply paid the debt directly back, instead of lending it to the lenders, and leaving the original debt still in tact. Wouldn't the companies have been saved as well as the debtors if we had simply paid back the mortages with the bailout money?

[johngalt]

I know many people that are buying another small house then walking away from the underwater home. This gives them a different option.