Mario these links don't address what I'm talking about. The first column wasn't even addressing the 700 billion bailout until the last line. The column was about the recent infusion of money directly to the banks for lending. Different dollars.
Sheila was talking about the banks relieving principal and keeping the loan. The bailout is FHA buying the loans. I've not seen it anywhere printed that the FHA won't buy the whole loan when the banks won't compromise, leaving the home owner with no recourse. I'm confident it wasn't out there dispite Dan's assertion to the contrary. I say that because the bank I was dealing with didn't even know it - the loss mitigation manager and I discovered it at the same time. --- In AsburyPark@yahoogroups.com, "Mario" <[EMAIL PROTECTED]> wrote: > > In a message dated 10/21/2008 4:27:28 P.M. Eastern Daylight Time, > [EMAIL PROTECTED] writes: --- In AsburyPark@yahoogroups.com, > "justifiedright" > <justifiedright@> wrote: Politicians are such phonies. Why isn't the > bank veto power in the > news? > > > It absolutely was and is if you read enough. Pick up today's WSJ and > read about Volcker and Obama. ==================== Also covered this > evening here. Attempts to Ease Credit Crunch Reveal Mixed Results | > Online NewsHour | October 21, 2008 | PBS > <http://www.pbs.org/newshour/bb/business/july-dec08/nocredit_10- 21.html> > Scroll down to see, especially, "Banks Keeping Capital In-House" and > "Lacking Incentive to Lend." Also tonight on Charlie Rose: "A > conversation with Henry Paulson, United States Treasury Secretary" for > the full hour. Last Friday, Chairman of the FDICA, Sheila Bair, > appeared also http://tinyurl.com/67538g <http://tinyurl.com/67538g> > with Charlie after the WSJ article about her, "FDIC Raps Rescue...": > http://online.wsj.com/article/SB122411533644338623.html? mod=googlenews_w\ > sj > <http://online.wsj.com/article/SB122411533644338623.html? mod=googlenews_\ > wsj> > We needed to follow the Brits. Prop up > The UK and France outshone us on this one. > > > [Non-text portions of this message have been removed] > ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
