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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (150256)	9/25/2008 1:04:02 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

Bipartisan bailout agreement in principle, per Bloomberg.

To: MulhollandDrive who wrote (150256)	9/25/2008 1:09:08 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

"Clowngress stands behind the taxpayor 100%." BOHICA!

To: MulhollandDrive who wrote (150256)	9/25/2008 1:47:40 PM
From: Johnny_Blaze_420	Read Replies (2) \| Respond to of 306849

no that is not what it means as they are two completely unrelated topics. a 100% LTC loan to a suspect borrower has always been around and will continue to be, just not at the "prime" rates. You can get 100% LTC at 10%+ with 2pts+. That is just not in line with interest only for 5 years and 5% rate. That is the type of loan i am talking about. Whether or not our children will be paying for this to maturity depends on how the bailout is structured. If they actually pay fair market value on these assets, which is 5-45 cents on the dollar, depending on the tranche, they yes, holding to maturity will probably be breakeven or profitable. REmember, a lot of the loans in these pools are good loans with good assets. Also, there will be a ton of buyers for these assets prior to maturity. All that said, the plan as propsed last Friday was complete bullshit, but the number of complaints, phone calls, faxes..etc has shaken up the people in congress, at least i'd like to think so. The bill that is being thrown around now has a lot of provisions that make it "passable"