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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Sunny Jim who wrote (83768)8/25/2008 6:48:52 AM
From: Sr K  Read Replies (2) of 116555
 
When we see (2-4 years from now) how the FDIC's plan at IndyMac works, you'll know how effective it was. That FDIC offer is well thought out, and may keep the IndyMac losses closer to $4B rather than the $8B early estimates.

If lenders really want to solve the problem, getting 3% per year on 80% of the principal rather than throwing it into foreclosure - and with the 20% recoverable upon sale or refinance - is a better option.
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