Ever wonder why a bank could care less if you foreclose on your home? Its because the loans are backed by the government. If you don't pay your mortgage, you will be kicked out, and the government will make sure the loan is covered with tax payers money. We all know that the government has no money right?
“Now the freaks are on television, the freaks are in the movies. And it’s no longer the sideshow, it’s the whole show. The colorful circus and the clowns and the elephants, for all intents and purposes, are gone, and we’re dealing only with the freaks.” - Jonathan Winters