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.

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

To: michael97123 who wrote (38025)	2/7/2008 12:29:27 PM
From: BWAC	Read Replies (1) \| Respond to of 95821

<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.> No, you are not off the mark. And that is the exact problem. You see it, I see it, most of us see it, but the Fed Fools don't see it and can't comprehend it. The banks best interest sure isn't abandoned property. Along with the upkeep and tax expenses of it. I wish I knew the answer, and I wish I was confident that someone in position to implement the answer had a clue.