The White House Freezing Loans for 5-Years

[GoUSC]

I stick to my initial thoughts that we are throwing out 200 years of contract law with this. Law that is IN THE CONSTITUTION. Wow this is really going to be bad.

[Omega Point]

Hillary Clinton has a similar plan. She also wants a 90 day moratorium on foreclosures. It’s not just the Republicans. Gov’t always feels they need to “do something” when more often than not “doing something” actually makes the problem worse. In this case, let the market correct the problem. In the long run we’ll all be better off.

[Omega Point]

Hillary Clinton has a similar plan. She also wants a 90 day moratorium on foreclosures. It’s not just the Republicans. Gov’t always feels they need to “do something” when more often than not “doing something” actually makes the problem worse. In this case, let the market correct the problem. In the long run we’ll all be better off.

[Omega Point]

Hillary Clinton has a similar plan. She also wants a 90 day moratorium on foreclosures. It’s not just the Republicans. Gov’t always feels they need to “do something” when more often than not “doing something” actually makes the problem worse. In this case, let the market correct the problem. In the long run we’ll all be better off.

[Omega Point]

Hillary Clinton has a similar plan. She also wants a 90 day moratorium on foreclosures. It’s not just the Republicans. Gov’t always feels they need to “do something” when more often than not “doing something” actually makes the problem worse. In this case, let the market correct the problem. In the long run we’ll all be better off.

[Omega Point]

Hillary Clinton has a similar plan. She also wants a 90 day moratorium on foreclosures. It’s not just the Republicans. Gov’t always feels they need to “do something” when more often than not “doing something” actually makes the problem worse. In this case, let the market correct the problem. In the long run we’ll all be better off.

[Arty]

But but a Republican president should never do this…I expect a democratic one to do it though.

[Arty]

But but a Republican president should never do this…I expect a democratic one to do it though.

[Arty]

But but a Republican president should never do this…I expect a democratic one to do it though.

[Arty]

But but a Republican president should never do this…I expect a democratic one to do it though.

[Arty]

But but a Republican president should never do this…I expect a democratic one to do it though.

[SD Realtor]

I will spare my broken record approach… this is and should be no surprise to anyone.

Look it is not about solving the right? This is about buying time for everyone. The enormity of this problem cannot just be “solved” without pretty much catastrophic consequences to the banking system, the economy, Wall Street … the list goes on. Furthermore, if you start to examine the list of “investors” who have purchased CDO’s and such, it may scare you. Maybe you are a teacher, a state employee, maybe your county or state government….

Obviously the most efficient solution is to let the market adjust on it’s own however like weaning a herion addict off the drug, it is messy and you get vomit everywhere.

****

A friend and I were having a chat yeaterday on this subject. At some point in the future… I do not know when but some day, there may just be this one HUGE receivership formed to tell EVERYONE that “you are screwed” we are the court appointed receiver and here are the crumbs left on the table. Now obviously there could be a pretty big crisis if all these investors get 100% screwed. So our theory is that Uncle Sam will go ahead and provide some backing to the payouts. 100%? No probably not, but some fraction that will at least mitigate serious liquidation events by many of the investors. The problem is that it CANNOT happen now. There is a war to fund, there are serious problems with the dollar, there are alot of things going on. However if there can be some delay, maybe 5 years down the road the war costs will be done with, perhaps housing will have already bottomed out… who knows… the key is to buy some time, let the market continue to adjust albeit in a manner that is somewhat delayed. Hey if a guy cannot afford his home now he cannot afford it in 5 years.

Anyways that was our interesting but probably full of holes theory on how it may play out…

Go ahead and stomp on it.

SD Realtor

[SD Realtor]

I will spare my broken record approach… this is and should be no surprise to anyone.

Look it is not about solving the right? This is about buying time for everyone. The enormity of this problem cannot just be “solved” without pretty much catastrophic consequences to the banking system, the economy, Wall Street … the list goes on. Furthermore, if you start to examine the list of “investors” who have purchased CDO’s and such, it may scare you. Maybe you are a teacher, a state employee, maybe your county or state government….

Obviously the most efficient solution is to let the market adjust on it’s own however like weaning a herion addict off the drug, it is messy and you get vomit everywhere.

****

A friend and I were having a chat yeaterday on this subject. At some point in the future… I do not know when but some day, there may just be this one HUGE receivership formed to tell EVERYONE that “you are screwed” we are the court appointed receiver and here are the crumbs left on the table. Now obviously there could be a pretty big crisis if all these investors get 100% screwed. So our theory is that Uncle Sam will go ahead and provide some backing to the payouts. 100%? No probably not, but some fraction that will at least mitigate serious liquidation events by many of the investors. The problem is that it CANNOT happen now. There is a war to fund, there are serious problems with the dollar, there are alot of things going on. However if there can be some delay, maybe 5 years down the road the war costs will be done with, perhaps housing will have already bottomed out… who knows… the key is to buy some time, let the market continue to adjust albeit in a manner that is somewhat delayed. Hey if a guy cannot afford his home now he cannot afford it in 5 years.

Anyways that was our interesting but probably full of holes theory on how it may play out…

Go ahead and stomp on it.

SD Realtor

[SD Realtor]

I will spare my broken record approach… this is and should be no surprise to anyone.

Look it is not about solving the right? This is about buying time for everyone. The enormity of this problem cannot just be “solved” without pretty much catastrophic consequences to the banking system, the economy, Wall Street … the list goes on. Furthermore, if you start to examine the list of “investors” who have purchased CDO’s and such, it may scare you. Maybe you are a teacher, a state employee, maybe your county or state government….

Obviously the most efficient solution is to let the market adjust on it’s own however like weaning a herion addict off the drug, it is messy and you get vomit everywhere.

****

A friend and I were having a chat yeaterday on this subject. At some point in the future… I do not know when but some day, there may just be this one HUGE receivership formed to tell EVERYONE that “you are screwed” we are the court appointed receiver and here are the crumbs left on the table. Now obviously there could be a pretty big crisis if all these investors get 100% screwed. So our theory is that Uncle Sam will go ahead and provide some backing to the payouts. 100%? No probably not, but some fraction that will at least mitigate serious liquidation events by many of the investors. The problem is that it CANNOT happen now. There is a war to fund, there are serious problems with the dollar, there are alot of things going on. However if there can be some delay, maybe 5 years down the road the war costs will be done with, perhaps housing will have already bottomed out… who knows… the key is to buy some time, let the market continue to adjust albeit in a manner that is somewhat delayed. Hey if a guy cannot afford his home now he cannot afford it in 5 years.

Anyways that was our interesting but probably full of holes theory on how it may play out…

Go ahead and stomp on it.

SD Realtor

[SD Realtor]

I will spare my broken record approach… this is and should be no surprise to anyone.

Look it is not about solving the right? This is about buying time for everyone. The enormity of this problem cannot just be “solved” without pretty much catastrophic consequences to the banking system, the economy, Wall Street … the list goes on. Furthermore, if you start to examine the list of “investors” who have purchased CDO’s and such, it may scare you. Maybe you are a teacher, a state employee, maybe your county or state government….

Obviously the most efficient solution is to let the market adjust on it’s own however like weaning a herion addict off the drug, it is messy and you get vomit everywhere.

****

A friend and I were having a chat yeaterday on this subject. At some point in the future… I do not know when but some day, there may just be this one HUGE receivership formed to tell EVERYONE that “you are screwed” we are the court appointed receiver and here are the crumbs left on the table. Now obviously there could be a pretty big crisis if all these investors get 100% screwed. So our theory is that Uncle Sam will go ahead and provide some backing to the payouts. 100%? No probably not, but some fraction that will at least mitigate serious liquidation events by many of the investors. The problem is that it CANNOT happen now. There is a war to fund, there are serious problems with the dollar, there are alot of things going on. However if there can be some delay, maybe 5 years down the road the war costs will be done with, perhaps housing will have already bottomed out… who knows… the key is to buy some time, let the market continue to adjust albeit in a manner that is somewhat delayed. Hey if a guy cannot afford his home now he cannot afford it in 5 years.

Anyways that was our interesting but probably full of holes theory on how it may play out…

Go ahead and stomp on it.

SD Realtor

[Author]

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