You're right that it's not costing us anything, but this is still a bail out of the mortgage industry as the home owners that would have failed now will be strung on a little longer and the mortgage company will not have to deal with any defaults etc. that would have led them to their rightful demise.... The fed should have no business bailing out companies. If the mortgage companies didn't practice such shady lending tactics and those who couldn't afford a home didn't try to live above their means then this wouldn't keep happening..

It's just plain bullshit.