It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

It is quite possible that WSJ reporters are FBs themselves… So how to let the pain out…. write it in the newspaper..

The article does make a basic point.

there are different types of FB’s.

1) Speculators: Screw them, let the bank hash it out,

2) Fraudsters: If they knowingly signed false papers, took cash out, etc.
Let them foreclose.

3) Morons: FB’s who have jobs, just don’t have the DTI, or FCF. I’d rewrite
the bankruptcy laws and let the banks get cramdowns or force repo’s and
resale wiht a clean hsitory.

4) The unfortunate: People who had an unexpected setback around the
time of the reset, but would have been able to afford it otherwise.
Encourage them to do workouts with the bank, particularly via
term extensions.

but, frankly a lot of banks need to eat this paper, and along with
a lot of hedge funds, who need some serious regulation.

The article does make a basic point.

there are different types of FB’s.

1) Speculators: Screw them, let the bank hash it out,

2) Fraudsters: If they knowingly signed false papers, took cash out, etc.
Let them foreclose.

3) Morons: FB’s who have jobs, just don’t have the DTI, or FCF. I’d rewrite
the bankruptcy laws and let the banks get cramdowns or force repo’s and
resale wiht a clean hsitory.

4) The unfortunate: People who had an unexpected setback around the
time of the reset, but would have been able to afford it otherwise.
Encourage them to do workouts with the bank, particularly via
term extensions.

but, frankly a lot of banks need to eat this paper, and along with
a lot of hedge funds, who need some serious regulation.

The article does make a basic point.

there are different types of FB’s.

1) Speculators: Screw them, let the bank hash it out,

2) Fraudsters: If they knowingly signed false papers, took cash out, etc.
Let them foreclose.

3) Morons: FB’s who have jobs, just don’t have the DTI, or FCF. I’d rewrite
the bankruptcy laws and let the banks get cramdowns or force repo’s and
resale wiht a clean hsitory.

4) The unfortunate: People who had an unexpected setback around the
time of the reset, but would have been able to afford it otherwise.
Encourage them to do workouts with the bank, particularly via
term extensions.

but, frankly a lot of banks need to eat this paper, and along with
a lot of hedge funds, who need some serious regulation.

but, frankly a lot of banks need to eat this paper, and along with
a lot of hedge funds, who need some serious regulation.

I’ll disagree about the hedge funds. They are, by their nature, high-risk. No skin of my (or the average American’s) back if they all become insolvent.

Other than that, I agree with the points listed. But I’ll suggest the banks have already been bailed out by the Fed and we are all paying for it, via inflation.

but, frankly a lot of banks need to eat this paper, and along with
a lot of hedge funds, who need some serious regulation.

I’ll disagree about the hedge funds. They are, by their nature, high-risk. No skin of my (or the average American’s) back if they all become insolvent.

Other than that, I agree with the points listed. But I’ll suggest the banks have already been bailed out by the Fed and we are all paying for it, via inflation.