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

To: DebtBomb who wrote (172536)	12/19/2008 10:17:34 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

From the Bloomberg article: "the extra money would give the Treasury a cushion in case another bank or insurer neared collapse. The obstacle: Democratic lawmakers have warned the Bush administration it must come up with a new effort to aid homeowners in danger of losing their properties. " Hey!!! The first attempts (Hope Now) have had next to no modifications....31 on 400,000...or something like that. The private bank workouts have had a 50% failure rate after six months. Sure. Lets throw more money at it. Give the overextended "homeowners" another six months of free rent. And why not. It seems that "W" is about to give the Detroit the equivalent of six months of free rent or life. Take your pick. What was inscribed on the inside of King Salomon's ring.....'This too shall fail.'