[cr]

Crazy times.

If I had a mortgage with IndyMAC, I’d be writing off the FDIC insured savings and jumping up and down that I now own my house outright instead of showing my mug to the teller.

Of course that won’t happen but a lot of people will stop making payments and cross their fingers in hopes of it.

[cr]

Crazy times.

If I had a mortgage with IndyMAC, I’d be writing off the FDIC insured savings and jumping up and down that I now own my house outright instead of showing my mug to the teller.

Of course that won’t happen but a lot of people will stop making payments and cross their fingers in hopes of it.

[cr]

Crazy times.

If I had a mortgage with IndyMAC, I’d be writing off the FDIC insured savings and jumping up and down that I now own my house outright instead of showing my mug to the teller.

Of course that won’t happen but a lot of people will stop making payments and cross their fingers in hopes of it.

[cr]

Crazy times.

If I had a mortgage with IndyMAC, I’d be writing off the FDIC insured savings and jumping up and down that I now own my house outright instead of showing my mug to the teller.

Of course that won’t happen but a lot of people will stop making payments and cross their fingers in hopes of it.

[cr]

Crazy times.

If I had a mortgage with IndyMAC, I’d be writing off the FDIC insured savings and jumping up and down that I now own my house outright instead of showing my mug to the teller.

Of course that won’t happen but a lot of people will stop making payments and cross their fingers in hopes of it.

[cr]

So is Countrywide to Subprime what IndyMAC is to Alt-A? from what I’ve read so far it sounds like they were Alt-A rather than subprime.

Is this a sign of how much worse Alt-A will be than subprime? Countrywide was pretty bad, but IndyMAC wasn’t even on the FDICs list of unhealthy banks last quarter.

And what about all their REOs?

[cr]

So is Countrywide to Subprime what IndyMAC is to Alt-A? from what I’ve read so far it sounds like they were Alt-A rather than subprime.

Is this a sign of how much worse Alt-A will be than subprime? Countrywide was pretty bad, but IndyMAC wasn’t even on the FDICs list of unhealthy banks last quarter.

And what about all their REOs?

[cr]

So is Countrywide to Subprime what IndyMAC is to Alt-A? from what I’ve read so far it sounds like they were Alt-A rather than subprime.

Is this a sign of how much worse Alt-A will be than subprime? Countrywide was pretty bad, but IndyMAC wasn’t even on the FDICs list of unhealthy banks last quarter.

And what about all their REOs?

[cr]

So is Countrywide to Subprime what IndyMAC is to Alt-A? from what I’ve read so far it sounds like they were Alt-A rather than subprime.

Is this a sign of how much worse Alt-A will be than subprime? Countrywide was pretty bad, but IndyMAC wasn’t even on the FDICs list of unhealthy banks last quarter.

And what about all their REOs?

[cr]

So is Countrywide to Subprime what IndyMAC is to Alt-A? from what I’ve read so far it sounds like they were Alt-A rather than subprime.

Is this a sign of how much worse Alt-A will be than subprime? Countrywide was pretty bad, but IndyMAC wasn’t even on the FDICs list of unhealthy banks last quarter.

And what about all their REOs?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[Author]

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