toxic
03-04-2008, 02:31 PM
Of course, why didn't I think of that.
In fact, they can just pay the whole loan, if someone got a stupid-assed subprime loan.
Since, to the Jewish Wall Street establishment, Money is free ... well at least to their buddies that they would pick and choose.
http://biz.yahoo.com/ap/080304/bernanke_mortgage_crisis.html
Fed Chief Bernanke Says More Needs to Be Done to Prevent Home Foreclosures
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.
"This situation calls for a vigorous response," Bernanke said in a speech to a banking group in Florida.
...
One of the suggestions Bernanke made was for mortgage and other financial companies to reduce the amount of the loan to provide relief to a struggling owner. "Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure," Bernanke said.
...
In fact, they can just pay the whole loan, if someone got a stupid-assed subprime loan.
Since, to the Jewish Wall Street establishment, Money is free ... well at least to their buddies that they would pick and choose.
http://biz.yahoo.com/ap/080304/bernanke_mortgage_crisis.html
Fed Chief Bernanke Says More Needs to Be Done to Prevent Home Foreclosures
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.
"This situation calls for a vigorous response," Bernanke said in a speech to a banking group in Florida.
...
One of the suggestions Bernanke made was for mortgage and other financial companies to reduce the amount of the loan to provide relief to a struggling owner. "Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure," Bernanke said.
...