Doesn't this program make the rest of you who take pride in keeping bills paid, have solid credit scores, and make smart personal financial decisions feel good about your deeds?

Turns out there's more reward in being an idiot.

People can cry about preadatory lending practices all they want, but the bottom line is this: Everything was disclosed at the time of the purchases, including what a rate increase would do to their payments. These people bought more than they could afford. It may be heartless, but you have to let the market correct itself. Punish people for bad decisions and punish lenders for making too risky loans. In the short term there's a lot of hurt, but in the long term, at least our currency doesn't suffer so much, and there will be a helluva lot of people in this country who will be a lot smarter next time.

Caveat Emptor.