--- Michael Foster wrote: > That's a very informative analysis, Richard. Thanks.
Indeed it is ! Prior to reading this, I had this kind of vague and uncomfortable feeling that something "funny" was going on- but could not put a finger on it. Now I want to know more! I mean there have been so few actual foreclosures relative tho the "claimed" losses.... and an actual foreclosure often results in minimal real losses to the lender after resale. This is truly one of the most suspicious things to happen lately at high levels - on a par with "WMD"... and it is indicative of a system that is rotten to the core... not just a banking system either. Goldman is almost a second government, no? Look at the musical chairs arrangement of personnel with Treasury. Jones