Should the govt save the precious New York Bankers while allowing the homeowners to suffer

l do not think so. But then, part of the problem is a political thing that government caused. Still, business ran with gusto the new customer base (previously ineligible customers) and did often stretch the truth (ARMs are traditionally benign finance tools, but some of the interest rates rose much too fast and much too high compared to what was described in the sales pitches).

l think the government should offer the bankers the same deal that the bank offers the homeowners!!!

You should probably take this to politics. Your understanding of economics is too limited to comprehend the situation if that is your take on it.

We cannot have banks going out of business & taking our deposited money with them. Anyone who chose to buy a home with an ARM, l say tough luck. l locked my home in at 7.5% (first time homebuyer), was happy to get a house, payment & interest in my price range. l do think they need to review the failed loans, was a mortgage broker involved? If they falsified income to get loan approved THEY should personally be held responsible.
The govt needs to be freezing these companies accounts. If u run a company into the ground, cost investors millions, severence pay should NOT be allowed..use that to relieve the debts.

Who do you think give the larger campaign contributions and allows the congressmen to use their airplanes and vacation homes gratis?

If we allow our banks to fail then credit stops and everyone is affected. l do not want to see a great depression.

Is it fair? No, but necessary for the good of all.

Is it fair that CEOs of failing companies make gazillions of dollars while laying off the workforce and/or freezing wages? Nope. It is what has been happening for the past few years at least.

The last time the govt decided not to save the precious NY bankers, we had the great depression. A minor quibble l know. Homeowners survived that quite well (did not they??).

Never under any circumstances should the government put banks before homeowners but alas that is just what they have been doing and will continue to do. Such is life:(