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I still believe that the problem is so serious that pointy heads in Chicago, DC & NYC are gonna be pushed into a room and ordered to find a way out that reconciles this and protects the banking system.

And I believe that all of those people who have issues with their mortgages, even if they can demonstrate that the paper is worthless, will lose out. Because they'd rather protect the uberclass of financiers than the American middle class.

and if the level of dispossession is sufficiently large, America is heading to a bad place.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Oct 13th, 2010 at 05:37:51 AM EST
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