Madigan, > I haven't read the bill, but my sense is that only the > scumbags will get bailed out and the little guy will lose his > house. What incentive do the banks have in renegotiating a mortgage?
Foreclosures cost money. If it is cheaper to renegotiate, they've always been willing to do that. Having the government on board as well could make it easier because the government can afford to sit on a loan longer and wait for it to become "good" again. Kristyne McDaniel http://www.kristynemcdaniel.com/blog http://www.mcstyles.com/ Whether you think you can, or you think you can't.... you are right. -- Henry Ford _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
