It's 'official'??? Extend and pretend...in real estate

[Raz]

Re: It's 'official'??? Extend and pretend...in real estate

This "solution" makes the problem last years longer than otherwise.

What is needed is principal reductions on a massive scale. Screw the investors who invested in this garbage including the banks. Let shareholders and bondholders lose their money.

Punish idiots who made these ridiculous loans.

That would shorten this process quite a lot and restore the housing market to what it should be years sooner.

You solution is perfectly fair, reasonable and sensible. But it's anathema to the prostitutes on Capitol Hill, so it'll never happen.
Unless there is a Third Party and an open revolt.:mad: