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Old 07-30-2008, 09:00 AM
editec editec is offline
Mr. Forgot-it-All
 
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I haven't read the details, Kirk.

But I'm sure that the outcome will protect big capital and if by some happy coincidence working class people also benefit, it will be a collatorial outcome.

It is, I think, however, a bad idea to give out 100% loans, no income verification loans, and so forth, too.

It drives up the cost of RE thus exascerating the problem of RE getting too expensive for woking people the next go round.
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