[RegulatorCountry]

I’m not sure what everybody’s wailing and gnashing their teeth about, here. This is just another form of forebearance, only writ large. Slowing the pace of foreclosure will allow the market to absorb more excess housing on the market, thereby supporting resale prices, and helping to prevent a colossal loss of personal wealth in this country. It also will calm a major case of jitters in financial circles, and will go a long way to help “unfreeze” the credit market.

So, this is far superior to any of the ill-concieved political “solution” rumblings coming out of Congress, imho. Even if there were to be some sort of behind-the-scenes injection of funding, it can’t possibly be any more costly than what has already occurred, as far as attempts to shore up the financial system.

[RockinRight]

Don’t try to inject common-sense into this debate...the doom-and-gloomers and the vultures will jump all over you.

[Rockitz]

See my post #20.

[Rockitz]

Even if there were to be some sort of behind-the-scenes injection of funding, it can’t possibly be any more costly than what has already occurred, as far as attempts to shore up the financial system.

BTW, that "behind-the-scenes injection of funding" further devalues those hard earned dollars of those seeking to invest in hard assets such as housing. Once again the irresponsible are rewarded at the expense of the responsible.