Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Incitatus who wrote (68345)	8/31/2007 5:28:45 PM
From: John McCarthy	Read Replies (2) of 116555

Inc - Ain't this gonna happen no matter what? And we're just changing who the seller is? 3) Allow sellers to sell homes at any price up to 30% below what they paid for it or "adjusted for case/shiller," and the lenders are forced to accept the sales amount as payment in full. I didn't have the stomach to actually read the --PLAN-- so gotta asks .... Is the 30% LOSS something that the mortgage holder EATS or is there some kind of --INFERRED-- bailout. Just curious for thoughts .... would FDR way back when sorta kinda have taken the same approach. regards, John McCarthy

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