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: Madharry who wrote (87841)	10/21/2007 1:04:37 PM
From: Metacomet	Respond to of 110194

...it makes sense for the homeowner who has that much stashed in his 401 k to walk away.... Absolutely. The law would be of very marginal benefit to the 401K holder. In essence it would allow the pigmen to gain access to dollars that were designed to be used at retirement. Since most companied are no longer funding individual pensions, rather "sponsoring" 401K plans, for employees to provide for their own retirements, it is lunacy to open these up for stressed out delinquent mortgage holders to service an illogical loan. All it will do is allow a further transfer of immediate wealth to Wall Street and have the effect of increasing the population that will be an increased burden on society, our kids again, downstream.