Matthew Chap 18
24 And when he had begun to reckon, one was brought unto him, which owed him ten thousand talents. 25 But forasmuch as he had not to pay, his lord commanded him to be sold, and his wife, and children, and all that he had, and payment to be made. 26 The servant therefore fell down, and worshipped him, saying, Lord, have patience with me, and I will pay thee all. 27 Then the lord of that servant was moved with compassion, and loosed him, and forgave him the debt. 28 But the same servant went out, and found one of his fellowservants, which owed him an hundred pence: and he laid hands on him, and took him by the throat, saying, Pay me that thou owest. 29 And his fellowservant fell down at his feet, and besought him, saying, Have patience with me, and I will pay thee all. 30 And he would not: but went and cast him into prison, till he should pay the debt. 31 So when his fellowservants saw what was done, they were very sorry, and came and told unto their lord all that was done. 32 Then his lord, after that he had called him, said unto him, O thou wicked servant, I forgave thee all that debt, because thou desiredst me: 33 Shouldest not thou also have had compassion on thy fellow servant, even as I had pity on thee? 34 And his lord was wroth, and delivered him to the tormentors, till he should pay all that was due unto him. 35 So likewise shall my heavenly Father do also unto you, if ye from your hearts forgive not every one his brother their trespasses.

I had a friend who tried everything to keep his house and did everything that was asked to keep his house for months and then the they sold the paper to another lender and was told he would have to start the process again and 3/4 of the way through it the 2nd lenders employee quit.  Therefore nothing was done for months this whole time my friend is trying to hang on but to no end the house was foreclosed and all the effort was gone.

It's funny that the lenders merely ask and they get loads of money.  If this was thought out better they could have made better use of this money but our government doesn’t seem to do this.

1. Paid the American people's mortgage payments and then in turn the Banks would have still got the funds needed to maintain a working capitol

2. Made the payment paid to banks conditional on working out the past due mortgage paper with their customers

The banks remind me so much of the wicked servant they beg congress to show mercy and not sell off their company. If they would have went under some other bank would have bought that paper for 60% on the dollar and would have been more likely to work out programs for the mortgage customer.

But the government showed mercy and more than forgave debt yet when the little guy(home owner) needs help its dragged on for months at a time with no result.

To top that all off there are companies preying on people making empty promises of Mortgage loan modifications although there are some that really try to help most are paying bonuses to mortgage and real estate professionals to get the business and the average person is still just a Number.

Other related Propblems with the bail out

Banks That Got $188 Billion in Bailout Money This Year Paid Out $1.6 Billion to Top Execs Last Year

New TARP revelations: AIG bailout mishandled, shaky banks got loans too

List of Bailed out banks  Is your bank on the List