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

To: James Hutton who wrote (184556)	2/17/2009 11:27:38 PM
From: Jim McMannis	Respond to of 306849

They will do anything to keep rates down and sc$w savers.

To: James Hutton who wrote (184556)	2/17/2009 11:57:33 PM
From: The Reaper	Read Replies (2) \| Respond to of 306849

If their plan calls for modification of the mortgages (as in reduction of principal with the difference to be paid on the sale of the house) then they won't need to keep mortgage rates down to get the reduction in monthly payments that they are after. If they can get the banks to reduce the principal with a subsidy from the govt. it's off to the races with TBT. In fact, that might be the preferred method. It would allow banks to borrow short at virtually 0% and loan long at higher rates.

To: James Hutton who wrote (184556)	2/18/2009 12:09:42 AM
From: John Chen	Read Replies (2) \| Respond to of 306849

"and prop up the housing market. " Wasn't that was the problem. How 'maintaining a problem' can solve a problem ? VooooDoooo ?