The bottom line is that these guys screwed up royally and need to take their lumps. But equally, we should not forget that we are talking about homeowners who haven’t paid their bills. This is a fight as to who has the right to foreclose, not whether foreclosure is valid.Well, some of the homeowners didn't pay their bills. But thanks to the banks we don't know, from a legal sense, who those people actually are, and, in fact, there have already been reports of banks taking homes that have not been foreclosed on. So actually it is a fight about whether foreclosure is valid, in fact that's the whole goddamn point man.
I guess it's part of the glibertarian ethos to never miss an opportunity to admonish the working and middle-classes for their (alleged) moral failings? Whatever the motivation, Zwyicki has absolutely no grasp on this issue.