CATALHOYUK

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    • Sat Mar 15th 17:43 PM | Rating: 0 0
      Commented on:
      Mortgage-Backed Securities Market Rocked by Thornburg Default
      THERE IS NOT ENOUGH MONEY IN EXISTANCE TO BAIL EVERYONE OUT THE PRESIDENT SHOULD SIMPLY GIVE THE 62 % OF AMERICANS WITH POOR CREDIT THE ABILITY TO WIPE THEIR SLATE CLEAN AND START OVER BECAUSE THEY LACK THE ABILITY TO MAKE A MAJOR PURCHASE, THAT IS A CAR OR A HOME. IN REALITY THESE WERE SUBPRIME PEOPLE ANYWAYS. THEY COULD THEN BUY UP REO INVENTORY AND EXISTING RETAIL INVENTORY AT 50% OF PRE 2003 VALUES CREATING NEW LEGITIMATE PAPER THAT COULD BE ROLLED OVER IN POOLS. AND START THE CREDIT FAILURE CYCLE ALL OVER EXCEPT THE LENDERS WOULD KNOW THE ENSUING RESULTS AND BE ABLE TO WORK WITH THE DEBTOR INSTEAD OF WHAT THEY DID THIS TIME AROUND "TREATING THEM LIKE GARBAGE" AND HELP THEM TRANSITION INTO A TIME OF PROSPERITY.
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