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2010-10-16 — businessinsider.com
"Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010†that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act."
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Comments:
catherine at 05:51 2010-10-17 said:
there will definitely be another bailout, they are already talking about it........wrote about it a while ago BUT BUT BUT THE money is less and less each time and THERE ARE MORE AND MORE people in the bailout line............. this is just doing a bleedout we can't save these banks.............and the best part is WHY WOULD WE???? just what jobs have the government left them to do.... credit cards (the government is close to taking over the rest of this industry) mortgage loans - no one is writing anything that fannie isn't buying car loans - americans just bought gm a shiny new finance company nope, there is now no reason to save these dead banks walking........ Permalinkadd a comment | go to forum thread
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