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View Full Version : Bernanke Urges Banks to Forgive Portion of Mortgages (




wirenut
03-04-2008, 08:05 PM
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLPiHQ.ASN48&refer=home

torchbearer
03-04-2008, 08:23 PM
readjusting principles to go in line with lower house values... the only out they have besides a total bubble burst.

ChooseLiberty
03-04-2008, 09:11 PM
They should make Greenspan and the Fed members that were in charge of holding interests rates too low make up the difference of any mortgage write-offs. :D

Fox McCloud
03-04-2008, 09:13 PM
it's unlikely the banks will do this--too much profit loss for them.

Either way, even if they did, it's bad banking practice--people will just get more loans and hope that the bank will just forgive them.

Either way, this won't save the bubble from bursting--if anything, if banks decided to do it, it might worsen things.