> Jake wrote: > There should be one, and only one provision in the bill. What to do with > the bad mortgages to stop the waves of foreclosures? Fix this problem and > banks will start lending again. >
Exactly. If people keep losing their houses it continues to drive down prices which continues to force foreclosures which destroys the mortgage securities and on and on. Stop the foreclosures and you end the problem. But to do that you'll have to cause banks a great deal of pain and you'll piss off people who played the game right. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271726 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
