Desi Joe

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Desi Joe commented on Subprime Meltdown: From U.S. Liquidity Crisis to Global Recession Charles, That is actally quite an innovative bail-out. The best thing about it is consumer directed and benefts the consumer directly vs potentially getting sucked into the corporate morass and getting lost in excess over there. It may actually work with some tweaking around. Although I dont think it will help people who are sub-prime as they would probably prefer bankruptcy to taking on a longterm personal liability. It will help people who have the ability to pay but need a way out of ARM adjustments to keep their heads above water. It is essentially replacing the HELOC that quite a few people took which are no longer avbl due to reduced values in homes. Will probably cost lesser than the 2.5T estimate. Can probably come out of the current bail-out plan. 2 years ago
Desi Joe commented on Experts on the Credit Crisis Very Nice 2 years ago