Is this right with load modifications are banks really letting people get buy with this?

This is NOT only what the banks are doing, this is what the Great Obama is begging them to do! He wants banks to modify the loans of people who viewed their home as an ATM and YOU will have to pay for it. Who cares that you agreed to pay your mortgage faithfully. What help does the government give to responsible people....none! Be irresponsible and you get Welfare, Unemployment, forced loan modifications, soon to be health insurance at MY expense, etc.