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MrCoffee

(24,159 posts)

2. I think the point is more toward the write-downs, short sales, etc.

Reply to steve2470 (Original post)

Thu Feb 9, 2012, 12:40 PM

Feb 2012

The banks have been handed $20 billion to clean up their books. I think the point is that the $20B will be used to adjust mortgages for people who are underwater, which I suppose will make those who aren't feel cheated.

And "That, presumably, is not the intention of policymakers but the "moral hazard" fallout from the settlement." is a really clunky sentence.

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fact check needed on Yahoo article about $26B Mortgage Settlement [View all] steve2470 Feb 2012 OP

There are some really stupid people in this world. russspeakeasy Feb 2012 #1

I think the point is more toward the write-downs, short sales, etc. MrCoffee Feb 2012 #2