[kev374]

The plan will acquire all the REOs, these are homes that are already foreclosed so the question of borrower is not even relevent in this bailout. They will just dump these on the market what whatever they can get, and that is not going to be a lot, of course the loss will be borne by the taxpayer but the housing prices will go to the dumps.

Housing prices will continue and accelerated decline with this plan, the only difference is that the losses are now borne by the taxpayer.

This may be a good thing because the banks have been totally unwilling to unload these assets at a realistic price point. This plan will accelerate the unwinding.

[kev374]

The plan will acquire all the REOs, these are homes that are already foreclosed so the question of borrower is not even relevent in this bailout. They will just dump these on the market what whatever they can get, and that is not going to be a lot, of course the loss will be borne by the taxpayer but the housing prices will go to the dumps.

Housing prices will continue and accelerated decline with this plan, the only difference is that the losses are now borne by the taxpayer.

This may be a good thing because the banks have been totally unwilling to unload these assets at a realistic price point. This plan will accelerate the unwinding.

[kev374]

The plan will acquire all the REOs, these are homes that are already foreclosed so the question of borrower is not even relevent in this bailout. They will just dump these on the market what whatever they can get, and that is not going to be a lot, of course the loss will be borne by the taxpayer but the housing prices will go to the dumps.

Housing prices will continue and accelerated decline with this plan, the only difference is that the losses are now borne by the taxpayer.

This may be a good thing because the banks have been totally unwilling to unload these assets at a realistic price point. This plan will accelerate the unwinding.

[kev374]

The plan will acquire all the REOs, these are homes that are already foreclosed so the question of borrower is not even relevent in this bailout. They will just dump these on the market what whatever they can get, and that is not going to be a lot, of course the loss will be borne by the taxpayer but the housing prices will go to the dumps.

Housing prices will continue and accelerated decline with this plan, the only difference is that the losses are now borne by the taxpayer.

This may be a good thing because the banks have been totally unwilling to unload these assets at a realistic price point. This plan will accelerate the unwinding.

[kev374]

The plan will acquire all the REOs, these are homes that are already foreclosed so the question of borrower is not even relevent in this bailout. They will just dump these on the market what whatever they can get, and that is not going to be a lot, of course the loss will be borne by the taxpayer but the housing prices will go to the dumps.

Housing prices will continue and accelerated decline with this plan, the only difference is that the losses are now borne by the taxpayer.

This may be a good thing because the banks have been totally unwilling to unload these assets at a realistic price point. This plan will accelerate the unwinding.

[kev374]

If they buy assets at steep discounts and sell these assets then I would imagine it would accelerate the decline in prices not prop it up.

So far I have not heard anything about bailing out upside down homeowners. Paulson just stated that 5 million are in foreclosure but nothing to say he is going to write down their mortgage balances.

Those that do not have the capacity to refinance their mortgage full doc will still probably lose their homes.

[kev374]

If they buy assets at steep discounts and sell these assets then I would imagine it would accelerate the decline in prices not prop it up.

So far I have not heard anything about bailing out upside down homeowners. Paulson just stated that 5 million are in foreclosure but nothing to say he is going to write down their mortgage balances.

Those that do not have the capacity to refinance their mortgage full doc will still probably lose their homes.

[kev374]

If they buy assets at steep discounts and sell these assets then I would imagine it would accelerate the decline in prices not prop it up.

So far I have not heard anything about bailing out upside down homeowners. Paulson just stated that 5 million are in foreclosure but nothing to say he is going to write down their mortgage balances.

Those that do not have the capacity to refinance their mortgage full doc will still probably lose their homes.

[kev374]

If they buy assets at steep discounts and sell these assets then I would imagine it would accelerate the decline in prices not prop it up.

So far I have not heard anything about bailing out upside down homeowners. Paulson just stated that 5 million are in foreclosure but nothing to say he is going to write down their mortgage balances.

Those that do not have the capacity to refinance their mortgage full doc will still probably lose their homes.

[kev374]

If they buy assets at steep discounts and sell these assets then I would imagine it would accelerate the decline in prices not prop it up.

So far I have not heard anything about bailing out upside down homeowners. Paulson just stated that 5 million are in foreclosure but nothing to say he is going to write down their mortgage balances.

Those that do not have the capacity to refinance their mortgage full doc will still probably lose their homes.

[kev374]

ok, I just watched the segment on CNN Money about this plan and this guy is saying the same thing was done in the early 90s and the government actually made money because it sold off the assets for more than they bid for it. How can this be even possible? 1992 – 97 the market was declining, everyone lost money but the US government made money by AUCTIONING off properties???

[kev374]

ok, I just watched the segment on CNN Money about this plan and this guy is saying the same thing was done in the early 90s and the government actually made money because it sold off the assets for more than they bid for it. How can this be even possible? 1992 – 97 the market was declining, everyone lost money but the US government made money by AUCTIONING off properties???

[kev374]

ok, I just watched the segment on CNN Money about this plan and this guy is saying the same thing was done in the early 90s and the government actually made money because it sold off the assets for more than they bid for it. How can this be even possible? 1992 – 97 the market was declining, everyone lost money but the US government made money by AUCTIONING off properties???

[kev374]

ok, I just watched the segment on CNN Money about this plan and this guy is saying the same thing was done in the early 90s and the government actually made money because it sold off the assets for more than they bid for it. How can this be even possible? 1992 – 97 the market was declining, everyone lost money but the US government made money by AUCTIONING off properties???

[kev374]

ok, I just watched the segment on CNN Money about this plan and this guy is saying the same thing was done in the early 90s and the government actually made money because it sold off the assets for more than they bid for it. How can this be even possible? 1992 – 97 the market was declining, everyone lost money but the US government made money by AUCTIONING off properties???

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