The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Amelia Carhartt who wrote (29925)	4/3/2005 11:04:57 AM
From: zebra4o1	Read Replies (4) of 110194

If disaster does strike, he believes, the housing market will be propped up. "The real estate economy is too important to the country and the state," Stafford said. "Lenders don't want foreclosures. They'll introduce new loan products that will allow people to stay in their properties." Maybe this real estate agent has a point. Extraordinary measures will be taken to stave off defaults. But who is the bag holder for all these interest only mortgages? When trouble starts, will the bag holders be able to imitate Japanese/Chinese banks and pretend for years that the loans haven't defaulted?

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