Posted 06/11/2009 By Matt Stichnoth

NEWS FLASH: JUST BECAUSE POLITICIANS SAY LOAN MODS ARE A GOOD IDEA DOESN'T MEAN THEY REALLY ARE

Quotation of the day:

“I fail to see how trying to keep people mired in debt as a way to help banks is good social policy.”  

--Christopher Thornberg, of Beacon Economics in Los Angeles, wondering whether the foreclosure-relief programs the Sheila Bairs of the world have forced mortgage lenders into do anybody any good at all. . . . 


9:13 AM  

Chilly Posted On 6/18/2009 11:00:07 AM

And why should taxpayer dollars be used to keep housing less affordable? The problem with foreclosures is that they aren't happening faster.
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Chilly Posted On 6/18/2009 11:00:07 AM

And why should taxpayer dollars be used to keep housing less affordable? The problem with foreclosures is that they aren't happening faster.
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