Boy SDR, you have a lot of faith in the government manipulating markets with their track record. If I remember correctly the bubble was unforeseeable. To me it’s easy to see that this scheme has a tragic end point.
With an expected 4.5 million foreclosures, it’s easy to see why they are doing this. The banks can’t afford it. This is people being screened to see if they really need to be foreclosed upon. Need to keep as many people paying as possible. Im sure strategic defaulters will be emotionally manipulated to not default.
Of course this is a desperation move. This is the bargaining stage of the kubler- ross grief cycle on a mass scale.
