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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (25886)11/30/2007 1:28:17 PM
From: carranza2  Respond to of 218145
 
Paulson has already discussed ways to help homeowners stuck with resetting ARMs. Plan to be in place by the end of the year with a consequent surge in the shares of financials to follow.

reuters.com

I fail to see why government action is needed in view of the fact that the underlying debt can be worked out anytime anyone wants to.

I should think that both the debtor and the creditor are in favor of working things out rather than facing each other in BK court.


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