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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (441117)	12/17/2008 5:38:54 PM
From: Road Walker	Read Replies (1) \| Respond to of 1584826

And the mortgage refis....there's talk rates will get into the 3s. But does it help if only 10% qualify? Would you, personally, lend somebody $450K of your own money with $90K down for 30 years with housing prices plummeting and the risk of a depression? And with your personal balance sheet pretty much unknown. The banks are hording cash in self-defense. Millions may get laid off near term, with all the foreclosures that implies. Their "insurance" (CDSs) have proved to be worthless. Credit card debt is huge. The whole world is saying "WTF, why were you so reckless?". These guys will do anything to limit their exposure. Self preservation. Can you blame them?