raghu wrote: > 1) I like the idea but I don't think the numbers are right. The 2.5% > average delinquency rate is I believe for *all outstanding mortgages*. > The delinquency rate for subprimes is, I believe, substantially higher > (closer to 25%). Even with that higher number the idea is still good > because it works on the trickle up principle rather than the trickle > down favored by Paulson/Bernanke.
Thanks. I'll correct that as well. My apologies guys for using you as editors, but it's economical for me, given the amount of homework assignments I'm in the process of marking and grading. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
