Reminds of that RBS commercial where the guy who took a positive thinking course thinks his positive thoughts rescued them from death.
What they should do is go around to all the people they put in homes they couldn’t afford and restructure their loans to fit something they can afford, and take huge losses in the process.
It’s that or take the losses later on when they sell one of their 319 REO’s in AZ, 367 in CO, 545 in NV, 660 in OH, 773 in FL, 1550 in MI, or 2847 REO’s in CA. And those are just the states I looked at.
