Is the “Bad Bank” solution for Alt-A dumping? – Piggington's Econo-Almanac

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January 21, 2009 at 5:13 PM #14876

Huckleberry
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It’s stated in this article by Dr. Housing Bubble that:

“Many lenders are holding on to these toxic assets just anxiously waiting for that bad bank to get started so they can dump them off to you. That is right. You will own these loans. How does that make you feel?”

Is this correct, are they talking about creation of the “bad bank” to consume all of these toxic Alt-A mortgages from CA?

Option ARM Borrower Psychology: The Dirty Truth behind the Worst Mortgage Product and Those that Abuse Them. My Name is Bob and I use Option ARMs.
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