Wow! The chart is a verifiable fountain and mountain of information. Thank you so much for bringing it to our radar screen.
I can extrapolate that the option-ARM holders (are these the ones with negative amortization loans?) would just walk away from their obligations once they are required to pay down on the principal of their undervalued POS’s. Maybe they would be the most gainers financially, despite their destroyed FICO scores….
On the 66th month close to year 6 (=666?) from Jan-07 countdown, the pain and suffering would probably be unimaginable for the masses of greater fools who bought in on the greatest ponzi scheme of our lifetime.
Personally, my biggest concern would be: Would my local government pension fund still be around for me to collect? I am aware that this pension fund is involved in over $1Billion of credit derivatives, swaps, or hedge funds. Remember Amaranth?
