Zillow: U.S. Homeowners to Lose $1.7 Trillion in 2010, Already $9 Trillion Lost Since 2006

``Why don’t we consider letting the banks MARK UP their impossible-to-value assets that we’re not requiring them mark down to market value anyway. I mean, seriously… if we’re going to keep our banks “healthy” based on allowing them to keep CDOs and CDSs on their books at the absurd face values from the bubble years, why not simply pretend they’ve gone up in value over the last couple of years… say by $9 trillion. Then, just give the $9 trillion we’ve pumped into banks for no reason back to all of the homeowners in the housing market and voila… consumer spending recovers and the crisis solved. Who would even know? ''