Hey Barry:
Looks like the fan is becoming unsightly.
Read it here: http://www.businessweek.com/news/2010-10-20/fed-s-weight-joins-mortgage-investor-bid-for-relief.html
Mortgage investors - who actually bought the paper behind the loans - want some action from banks. It could cost those banks which did not proceed carefully up to $180 billion.
Watch HUD Secretary Donovan address the issue on 10/20/10 here: http://www.bloomberg.com/video/63870482/
If itsa choice between the banks and the economy - bye bye banks.
Hang in there Barry, we need you.
Your pal,
Wednesday, October 20, 2010
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