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.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (40885)	9/2/2007 11:00:45 AM
From: Dale Baker	Read Replies (1) \| Respond to of 541759

It would be much better to have a simpler way to do so. My last repetition of the point so I don't get too tiresome; to establish a mechanism that works, you can't have CDO-squared derivative financing, so the foreclosure victims probably never get the loan in the first place, and we revert back to historical foreclosure rates on sound underwriting. The market involved here is much too vast to think that a government bureaucracy can jump in and change it; the task is similar to rerouting a river after a dam breaks.