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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: LTK0074/2/2007 2:59:32 PM
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Spokesperson for BearSterns(2nd largest holder of Mortgage Loans in U.S.) said they are sending out notices to all distressed borrowers to advise them that they CAN renegotiate their loan.
i would say this action a really expected delaying action by BS and a signal of just how bad matters are, imo.

Of course he said there is really NO problem and he sees BearsSterns re-entering buying up of Mortgage loans in a couple months.Max
This was via BTV interview.
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