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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (26051)	12/5/2007 6:17:54 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 218345

If they bought one of these 'teaser' deals... likely they have no business ever owning a home... in the overwhelming majority of cases.. IMVHO... The Black Swan..

To: KyrosL who wrote (26051)	12/5/2007 6:18:49 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 218345

RE:"Of course, this best course of action for the borrowers will be very bad for housing, the economy, and the lenders." True but it would get it over with a lot sooner. Maybe a couple years vs five to a decade. Immediately someone needs to make a list of all the factors that led to this and pass regulations that make sure it doesn't happen again. And the list shouldn't be just a couple of things.