Mortgage Testimony

Discussion in 'Wall St. News' started by chiproptrader, Mar 21, 2007.

  1. Is the testimony tomorrow by the Lenders going to be a non event?

    Or are we looking at the possibility of todays gains being wiped?

  2. blast19


    non-event for the most part I'd say.

    It's interesting that NEW declined to send anyone and CFC isn't sending thier "iconic" CEO but their lead counsel instead...I find that compellingly bad.

    It might get ugly...but for the most part those assholes are going to lie through their teeth and try and escape having to help ease the burden on the happily over-leveraged homeowners.

    LEND took a 13% loan for christ's sakes...that's UGLY!