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December 04, 2007
Um...
DUH.
Implementing the proposed bailout of subprime borrowers who face foreclosure may be so difficult that it will turn out to be no better than the loan modification efforts already underway, analysts said.
And why should this year's resets be any more special than last year's? What do you plan to tell those guys?
Posted by tree hugging sister at December 4, 2007 05:11 PM
Comments
Putting a band-aid on this just delays the inevitable. If there's one thing the Japanese taught us, it's get the pain over with quickly.
Posted by: John at December 7, 2007 10:54 AM
How long'd that recession of theirs last?
Posted by: tree hugging sister at December 7, 2007 11:12 AM