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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (8981)	3/15/2008 2:24:20 PM
From: Oblomov	Read Replies (1) \| Respond to of 33421

Let me get this straight: You are going to force the noteholder to accept 4.5% fixed return on loans from crap borrowers in the middle of a recession, when the inflation rate is probably 9 or 10%? Those notes would be worthless, and would become worthless long before such a law went into effect. And it would probably topple numerous banks. And why should people who did not and could not honor an agreement they signed their name to get a better rate than I am paying, when I have never missed a payment on anything my entire life? They got far more than they deserved by getting to live in a big house for a year or so.