[quote=cabal]Proceeding with this action means a plan is in place and approved by TPTB. BofA won’t be allowed to flood the market with reos and pancake housing prices except in those areas where historical norms have been reached. More than likely the inventory will be transferred to holding entities and managed as rentals, introducing a few for sale when appropriate. No tsunami is coming except in areas that no one cares about like Detroit.[/quote]

Translation: Don’t worry the government controlled housing market will work great.