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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (76154)4/18/2007 1:40:06 AM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
I think you may have taken that out of context. Looks to me like Ms. Bair was saying that investors and servicers need some tough love:

"I think we should hold the servicers' and investors' feet to the fire on this," Ms. Bair said. "It was clear to investors that these were high risk. I think everybody needs to share the pain now."

There actually seems to be very little love for the lenders and investors at this point - except from Wall Street of course.

BC



To: Think4Yourself who wrote (76154)4/18/2007 2:17:30 AM
From: patron_anejo_por_favorRespond to of 306849
 
>>so tell me FDIC Chairman Sheila, WHY does everybody need to share the pain of a small number of incredibly foolish people?<<

In particular, why do those who (prudently) chose to not engage in irresponsible borrowing (perhaps by continuing to rent) now have to pay for the Carlton Sheets wannabes? Or the idiots on "Flip this Home"? Nice message to send our young people, by the way....

As I said before, bend over, Clowngress approaches from the rear!<NFG>


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