The politics of the underwater homeowner -- the impact of negative equity

``The politics are already heating up around this issue.  HARP 2.0 is getting major activity especially with refinancing underwater homeowners.  Again, these artificially low rates are helpful for those already in homes but looking forward, what larger impact will this have on the economy?  If you think low rates for very long durations are good just for the sake of saving the banking and housing sector you can take a glance at Japan and see how that turned out.  It is interesting that HARP 2.0 is taking on much more momentum in 2012 versus the initial HARP version.''