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Home › Forums › Housing › How effective will today’s foreclosure bailout be in propping up RE prices???

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  • November 11, 2008 at 7:28 PM #303406
    Fletch
    Participant

    What about Citi’s similar plan? How much presence do they have in So Cal? Isn’t it reasonable to expect that other private lenders will follow Citi’s, Fannie’s and Freddie’s lead?

    If so, the next question is how quickly do they act.

    November 12, 2008 at 12:44 AM #303087
    MicroGravity
    Participant

    Well, someone has to take the loss, and unless the Fed buys out enough banks so that they can foist the majority of losses onto the taxpayer (aka Mr. >$150k), banks will continue to eat the losses.
    According to a “national-banking-relative” California is considered lost–which actually gives me some hope that the banks have a clue.

    November 12, 2008 at 12:44 AM #303448
    MicroGravity
    Participant

    Well, someone has to take the loss, and unless the Fed buys out enough banks so that they can foist the majority of losses onto the taxpayer (aka Mr. >$150k), banks will continue to eat the losses.
    According to a “national-banking-relative” California is considered lost–which actually gives me some hope that the banks have a clue.

    November 12, 2008 at 12:44 AM #303459
    MicroGravity
    Participant

    Well, someone has to take the loss, and unless the Fed buys out enough banks so that they can foist the majority of losses onto the taxpayer (aka Mr. >$150k), banks will continue to eat the losses.
    According to a “national-banking-relative” California is considered lost–which actually gives me some hope that the banks have a clue.

    November 12, 2008 at 12:44 AM #303476
    MicroGravity
    Participant

    Well, someone has to take the loss, and unless the Fed buys out enough banks so that they can foist the majority of losses onto the taxpayer (aka Mr. >$150k), banks will continue to eat the losses.
    According to a “national-banking-relative” California is considered lost–which actually gives me some hope that the banks have a clue.

    November 12, 2008 at 12:44 AM #303532
    MicroGravity
    Participant

    Well, someone has to take the loss, and unless the Fed buys out enough banks so that they can foist the majority of losses onto the taxpayer (aka Mr. >$150k), banks will continue to eat the losses.
    According to a “national-banking-relative” California is considered lost–which actually gives me some hope that the banks have a clue.

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