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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (68576)9/5/2007 11:57:40 AM
From: mishedlo  Read Replies (3) | Respond to of 116555
 
Still More Absurd Ideas To Fix Housing
globaleconomicanalysis.blogspot.com
The list of absurd ideas to fix housing keeps growing. The Fed is proposing loan service companies modify the terms to prevent foreclosures. Since when can servicer providers do that? All the arguments for housing including demographics and "home prices never fall" are now busted. Everyone with a pulse bought one or more homes during the bubble. Who needs another one?

Mish



To: Crimson Ghost who wrote (68576)9/5/2007 1:25:15 PM
From: Joe Btfsplk  Respond to of 116555
 
?????????

'member what I wrote about torts and enforcement of contract?

There's also this aspect. Insurers have more incentive than individuals who face no further marginal costs to exert pressure on pricing.


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