[quote author="Oxtail" date=1252056376]If we really do see TIC return underwater property, what kind of signal does that send to strapped homeowners who are underwater? 2008/2009 will mark the triumph of moral hazard.</blockquote>
I doubt they give a rats arse what other people think, including lenders. The same lenders that'll throw the keys back to will be back knocking on their door to give them more loans in 3-5 years. The more things change, the more they stay the same.