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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST
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To: KyrosL who wrote (26051)12/5/2007 6:18:49 PM
From: Jim McMannis  Read Replies (2) of 218439
 
RE:"Of course, this best course of action for the borrowers will be very bad for housing, the economy, and the lenders."

True but it would get it over with a lot sooner. Maybe a couple years vs five to a decade.

Immediately someone needs to make a list of all the factors that led to this and pass regulations that make sure it doesn't happen again. And the list shouldn't be just a couple of things.
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