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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: The Vet who wrote (87903)9/2/2007 11:41:05 AM
From: John McCarthyRead Replies (1) of 306849
 
Vet

the amount of lending $$ I thought could only come as a %
of the combined monies from

(a) Paid in Capital
(b) Retained Earnings
(c) Deposits by Checking and Savings deposits

with (c) being the most important.

As soon as write-down to ZERO (a mortgage default)
my capacity to lend is reduced.

And I have *really* lost depositors monies.

Have I got it wrong?

regards,
John McCarthy
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