Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elroy Jetson who wrote (46516)	12/3/2005 3:30:18 PM
From: Ramsey Su	Respond to of 110194

NS, haven't we talked about this subject enough? <gggg> After I responded to ild, I was dreading the thought of having to go through this all over again. There are so many different circumstances that we can either spend hours on this now or just wait to see what the lenders will do. Aside from purchase money, there is also the issue of fraud. How about all those stated income loan applications that we know are technically fraudulent. Would the lenders go after that group of borrowers? Would they abandon the trustee's sale in favor of judicial foreclosures? How about all the HELOCs? They are going to be in a world of hurt. How are they going to try to recover? That is why I believe that if we do not have a soft landing, the consequences are going to be uglier than Roseanne Barr. Ramsey