Speculation

I cant remember where I was reading, I think it was over at TJIC but they had an interesting point. All members of congress and the senate make sure that they want to help homeowners but NOT speculators. So essentially if you live in your speculative investment that makes it ok. Seriously both the banks and the home buyers were willing participants in the initial deal. No one forced prospective home buyers to buy a home that they couldnt afford and no one forced the bank to make a loan with little more than a cup of coffee and a hand shake.
Also I am sick of hearing about these homeowners didn't understand that their rates might change. ARM stands for ADJUSTABLE RATE MORTGAGE. Besides that didn't they have to initial and sign the million and one truth in lending pages when they closed?