[davidt1]

That’s funny. I think I will ask them for help too in the form an interest-free loan. Seriously, the Feds are like parent banks and all the other banks are children banks. The parent banks have to help out the children banks when they get in trouble.

[davidt1]

What about accounts with a broker, like a stock broker?

[davidt1]

What about accounts with a broker, like a stock broker?

[davidt1]

What about accounts with a broker, like a stock broker?

[davidt1]

I don’t think I even know how to ask a question correctly. I know banks are not in business to help people, and I don’t expect them to. What I am trying to ask is:

1. Currently when people can’t make payments because their ARM resets, banks foreclose and try to sell at market value but no body is buying. Meanwhile, inventories keep piling up. Eventually, banks will have to sell at substantially lower prices.

2. Or they could work out some kind of deal with troubled home owners so they (banks) don’t have to go through the trouble of foreclosing, losing the interest income and selling at a loss later.

What Would it be in the banks’ best interest to do, 1 or 2?

[davidt1]

I don’t think I even know how to ask a question correctly. I know banks are not in business to help people, and I don’t expect them to. What I am trying to ask is:

1. Currently when people can’t make payments because their ARM resets, banks foreclose and try to sell at market value but no body is buying. Meanwhile, inventories keep piling up. Eventually, banks will have to sell at substantially lower prices.

2. Or they could work out some kind of deal with troubled home owners so they (banks) don’t have to go through the trouble of foreclosing, losing the interest income and selling at a loss later.

What Would it be in the banks’ best interest to do, 1 or 2?

[davidt1]

I don’t think I even know how to ask a question correctly. I know banks are not in business to help people, and I don’t expect them to. What I am trying to ask is:

1. Currently when people can’t make payments because their ARM resets, banks foreclose and try to sell at market value but no body is buying. Meanwhile, inventories keep piling up. Eventually, banks will have to sell at substantially lower prices.

2. Or they could work out some kind of deal with troubled home owners so they (banks) don’t have to go through the trouble of foreclosing, losing the interest income and selling at a loss later.

What Would it be in the banks’ best interest to do, 1 or 2?

[davidt1]

Thanks so much. I appreciate your informative responses.

[davidt1]

Thanks so much. I appreciate your informative responses.

[davidt1]

Thanks so much. I appreciate your informative responses.

[davidt1]

Is it silly to ask a question one seeks an answer to? It’s a question of what would be better for the banks. Foreclose on properties and incur the loss and headache that come with it or reduce rates slightly and let the home owner keep the house. Thank you for your patience and understanding.

[davidt1]

Is it silly to ask a question one seeks an answer to? It’s a question of what would be better for the banks. Foreclose on properties and incur the loss and headache that come with it or reduce rates slightly and let the home owner keep the house. Thank you for your patience and understanding.

[davidt1]

Is it silly to ask a question one seeks an answer to? It’s a question of what would be better for the banks. Foreclose on properties and incur the loss and headache that come with it or reduce rates slightly and let the home owner keep the house. Thank you for your patience and understanding.

[davidt1]

The market is probably anticipating the Fed’s holding or lowering rates.

[davidt1]

The market is probably anticipating the Fed’s holding or lowering rates.

[Author]

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