On Sep 23, 2008, at 1:47 PM, Julio Huato wrote:

http://juliohuato.wordpress.com/

By the way, Julio, it's not just a subprime problem. There's about $10 trillion in U.S. mortgage debt outstanding, and 6.2% is delinquent. 4.5% is 90+ days late or in FC. That's $450-620 billion. And rising. So it's not clear your plan would end up saving all that much money.

Doug
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