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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (46442)	12/2/2005 12:55:03 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

>>Actually, if there are too many delinquents, they will start to do that rather deal with the rash of foreclosures. (then broker a deal with the taxpayers to bail them out) NG.<< ...and as I asked Russ, how do you suppose that will play with the structured recipients of the loans and the PMI's? Someone's ox is definitely getting gored by the loan forebearance, and sooner or later they'll start to scream about it.....I think the taxpayer bailout was attempted in the 250 billion requested by Vitter and Landrieu early on, and it was soundly rebuffed, so we'll see....