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.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (8355)	2/7/2012 7:03:02 PM
From: Sdgla	2 Recommendations Read Replies (1) \| Respond to of 85487

What does forgiveness of principle of real estate have to do with 50 Trillion of unfunded liabilities? Answer is nothing. I do not understand why your mixing them together. AND how in the world do you get banks to write down principle? As I pointed out in previous posts... its going to happen anyway. We are discussing options here arent we ? The principal is going to get REDUCED either way right ? In order for the housing mess {focus here Steve.. I am talking about housing not the debt} to get sorted out the upside down or underwater mortgages will need to be sorted out and there are only 2 ways for that to happen. The banks either write down the principal and re work the loans or force the home owners out and then auction off the house. Obama's incentives are BULL SH*T because they do not address what I have just spelled out to you. If we depend on banks it will take many decades to clear these mortgages at this rate.* Your statement is only true if the Government continues to use the mess as political fodder. If they let the free market handle it the process will happen much sooner. The proof of this is simple. If you are holding the note/mortgages how long would you wait to foreclose or renegotiate with a qualified home owner ? All Obama has done is delay that process. There's only one willing to really do that and that is Ron Paul. I love how you swing away from Obama and over to Paul Steve. ABO ABO ABO ABO