So $700B was supposed to be a number so high that the world knew we were serious. Were we not serious? We are buying the bad paper from the...
I'm confused. Is this supposed to be done with the $850,000,000,000 they just approved, or is this something else entirely?
I see "price action" thrown around a lot, but it seems like it means different things to different people. Is it TA or is it not TA? Is it P&F...
That is disturbing. We haven't even seen a rate hike yet!
I wonder how many of the defaults fit this profile. If the sucker who overpaid is $300,000 in the hole, does he care about his credit? I doubt...
No, it's more simple than that. The Democrats, as usual, actually think they are fixing the problem. Just like public housing, welfare, etc....
I could have sworn GM got rid of GMAC years ago. I guess not.
Exactly. The difference in the loans PLUS they get an instant 10% equity in the house since the new loan is for %90 of the current appraised...
I watched the video from 49:00, but didn't see where he said that. You give the right link?
Working out great for the government! Fannie and Freddie are now deeply entwined into the government. Fannie and Freddie have 80-90% of...
Look out now for the "credit forgiveness act of 2008"... :mad:
Not to mention it's just a 0% interest loan. It just helps people (again) buy houses they can't afford.
the value he places on good credit will be proportional to the amount of value he's lost in his property.
Good question. Seems to me the people who really don't need this will take advantage of it, and the people who are in dire straits may just walk...
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