cabanker

Ben Stein: "The sad truth is that the economy is still extremely ill. The recovery we were all waiting for has not started in any meaningful way."

Bueller? Bueller? Ben needs to go back to acting!! Actually I'm in agreement with Ben on his point regarding the economy. However, the reality is that the loan mods are not going to help us out of this, nor are new loans. We've got people seriously underwater and they either have to walk or get a principal reduction. Either way, the end result is that the 1/2 of the loan portfolios are worth $.60 on the $1.00. At some point we all have to wake up to that fact.