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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)	4/4/2005 7:54:04 PM
From: patron_anejo_por_favor	Read Replies (1) of 110194

Great article, absolutely dripping with moral hazard....check out this passage: 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 Yes, the government and banksters will bail everyone out for their greed and stupidity....NOT! By the time that happens loan standards will be so tight that even proven, qualified buyers won't be getting interest only loans....they'll be dinosaurs.<NG>

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