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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Tue Oct-25-11 06:17 AM Original message |
NYT: On the Road to Mortgage Relief |
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Demeter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-25-11 06:26 AM Response to Original message |
1. Captain Obvious Writes NYT Editorial |
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trumad (1000+ posts) Send PM | Profile | Ignore | Tue Oct-25-11 06:27 AM Response to Original message |
2. It allows banks to skate on their bad loans. |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Tue Oct-25-11 06:42 AM Response to Reply #2 |
3. The NYT points out the need for banks to face their losses by writing down principal |
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trumad (1000+ posts) Send PM | Profile | Ignore | Tue Oct-25-11 06:47 AM Response to Reply #3 |
4. Check it out. |
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flpoljunkie (1000+ posts) Send PM | Profile | Ignore | Tue Oct-25-11 08:36 AM Response to Reply #4 |
5. Yes, that's correct. A big carrot for the banks. |
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