How much will taxpayers shoulder?

[kandrathe]

Why? Taxpayers created the mess.

Your argument is fallacious. All taxpayers do not have loans, and for the subset of taxpayers that do have loans many are perfectly solvent. Then again, all loan holders are not taxpayers. For example, the people who justify a home loan on AFDC and welfare payments.

Your implication however is that loan holders created the mess, and specifically the loan holders who should not be loan holders. That was one subset I mentioned. The other culprit I mentioned was the lenders who offered risky loans and repackaged them into MBS's. Not all lenders, just the ones who were stupid and took the stupid risks.

You might as well broaden the category to "humans", because after all it was "humans" that created this mess. All "humans" must pay!