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New Re: Depends on how it's done.
Apparently the mortgage companies are changing their stance, they were anti-cramdown back in 2008 but BofA and Citi are in support of it now.

http://www.huffingto...-fr_n_536283.html
New Interesting. Thanks.
New "As we've gone through the lessons that we've learned ..."
In other words: "When we pushed to get mortgages excluded from bankruptcy, people said that we'd end up foreclosing -- which we don't want -- and financially destroying our customers at the same time.

"But we were looking about multi-million dollar bonuses that depended on us not believing that. Somehow, we managed to not believe it. Funny, that.

"Now that we've squeezed as much blood out of that stone as we can, we find it's in our current interest to now believe what those people said."

And in a real quote, Rep. Brad Miller, responding to a Wells Fargo rep saying there are other alternatives: "We're trying to do other alternatives now, and have been for three years, and without much to show for it." Give that man a prize.
--

Drew
     Felix: Fix the economy by increasing immigration. - (Another Scott) - (76)
         how else are you going to fix social security - (boxley)
         Think they may have causation a bit wrong - (beepster) - (74)
             The biggest problem now is the housing bubble. - (Another Scott) - (73)
                 increased demand for housing? - (boxley) - (7)
                     You know what I mean... - (Another Scott) - (6)
                         take the inventory of fannie and freddie - (boxley) - (5)
                             Depends on how it's done. - (Another Scott) - (4)
                                 Re: Depends on how it's done. - (SpiceWare) - (2)
                                     Interesting. Thanks. -NT - (Another Scott)
                                     "As we've gone through the lessons that we've learned ..." - (drook)
                                 thats why lottery, no money involved - (boxley)
                 I'm finding this very funny... - (beepster) - (64)
                     And just in case that is too rosy a forecast - (beepster) - (55)
                         Why would a business invest if there's no demand? - (Another Scott) - (4)
                             true statement - (boxley)
                             You're getting there - (beepster) - (2)
                                 Eh? - (Another Scott) - (1)
                                     Krugman is wrong :-) - (beepster)
                         Companies are not "industry" - (drook) - (49)
                             Seriously? - (beepster) - (48)
                                 Where you stand ... where you sit ... - (drook) - (47)
                                     Not at all the same. They're only tangent linked - (beepster) - (46)
                                         I did - (drook) - (45)
                                             Different causation - (beepster) - (44)
                                                 You seem to be making a Supply Side argument. - (Another Scott) - (43)
                                                     Who is the customer? - (beepster) - (42)
                                                         What does that mean? - (drook) - (41)
                                                             dunno if you noticed, it aint the poor getting the checks - (boxley)
                                                             sigh - (beepster) - (39)
                                                                 Why should I care about intra-industrial demand? - (drook) - (38)
                                                                     Oh, and by the way ... - (drook) - (8)
                                                                         Software? - (beepster) - (7)
                                                                             Of course, focus on the *least important* part of that quote -NT - (drook) - (6)
                                                                                 What, - (beepster) - (5)
                                                                                     "Recovery means jobs" - (drook) - (4)
                                                                                         Re: "Recovery means jobs" - (boxley) - (3)
                                                                                             That was Bill's line - (drook) - (2)
                                                                                                 bill is right - (boxley)
                                                                                                 With a line like that... - (beepster)
                                                                     You want jobs, correct? - (beepster) - (28)
                                                                         That's not a point, that's an article - (drook) - (27)
                                                                             Get this through your head. - (beepster) - (26)
                                                                                 Quit with the shorthand - (drook) - (25)
                                                                                     Re: Quit with the shorthand - (beepster) - (24)
                                                                                         So you completely disagree with the "two economies" premise? - (drook) - (6)
                                                                                             Absolutely - (beepster) - (5)
                                                                                                 You're half right - (drook) - (4)
                                                                                                     No, its not. - (beepster) - (3)
                                                                                                         You're kidding, right? - (drook) - (2)
                                                                                                             welfare food stamps unemployment compensation - (boxley) - (1)
                                                                                                                 Eh? - (Another Scott)
                                                                                         Big D. - (Another Scott) - (16)
                                                                                             To be honest - (beepster)
                                                                                             cheese - (boxley) - (14)
                                                                                                 Talk to Sorros about that. - (Another Scott) - (13)
                                                                                                     Central Banks >are< the market. -NT - (beepster) - (12)
                                                                                                         <Boggle> I guess that's how George never made his $1B... - (Another Scott) - (11)
                                                                                                             piggybacking a market isnt brilliant - (boxley)
                                                                                                             He made it playing the market.. - (beepster) - (9)
                                                                                                                 And...? - (Another Scott) - (8)
                                                                                                                     Would he have made that money without central banks? - (beepster) - (7)
                                                                                                                         You're not getting it. - (Another Scott) - (6)
                                                                                                                             how very conservative of you :-) - (boxley) - (3)
                                                                                                                                 This has nothing to do with the "Fair Tax". - (Another Scott) - (2)
                                                                                                                                     from October 12, 2009 - (boxley) - (1)
                                                                                                                                         Interesting. Thanks. (The rest of it is bogus, of course.;-) -NT - (Another Scott)
                                                                                                                             Oh, I am - (beepster) - (1)
                                                                                                                                 Hmmm. - (Another Scott)
                     It's the same most places in First World countries. - (static) - (7)
                         This "free trade" mantra is a relatively new development. - (Another Scott) - (6)
                             The kos artlcle - (beepster) - (3)
                                 I guess you missed the rending of garments about the tires.. - (Another Scott) - (2)
                                     tires - (boxley)
                                     No, I didn't - (beepster)
                             Not sure if you are advocating the article - (boxley) - (1)
                                 He's saying that argument is wrong. - (Another Scott)

Ichi, ni, san, shi.
86 ms