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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (38024)	2/7/2008 12:20:53 PM
From: michael97123	Read Replies (2) \| Respond to of 95814

i get it but its not about feeling sorry for them. Its the effect recession and potential job losses will have for folks whose houses are under water. At some point you just stop paying the mortgage and move to more affordable housing rentals included so you can feed your family. We had this discussion with kirk awhile ago about subprime folks sending back the keys but now we might be talking about prime borrowers out of work and underwater. Folks talk about bailing out ambacs of the world. What i am saying if its going to get as bad as i am speculating, your good friends at the fed and in DC need to be on this so we dont get a second round of foreclusure madness. So take that family who bought at 450, house now worth 350 and paying 7% fixed mortgage. Guy is out of work so he cant refi. Well it may pay for the govt and for the banks to refi anyway to reduce his costs so he doesnt abandon property. Am i way off the mark with thinking this could help? I am not proposing this just thinking that this seems logical.