Dead on Dood, it is the Fed's job to provide liquidity and if they can come up with $700 billion for banks why not arrange to lend it directly to homeowners, in principal lived in residences, at a very low rate so that they can pay off mortgages?

Force mortgage lenders to reduce lending rates to prime plus 2% for 5 years.

The problem may be that many of these defaulting mortgages are bundled by investment banks into bond packages that they have promised buyers 7% and if the actual interest paid is more like 5%, with 20-30% defaulting anyway because the homes were bought on spec and would not qualify for Fed help, then the investment banks are going to be on the hook for 3-4% of their entire mortgage portfolio.

So while main St needs help with their mortgages, the banks also need help because they are looking at 5 years of 3-4% losses on their entire loan portfolio.

How do you think BO did last nite?

I soo wanted him to say, " Look at me when you are lying about me you piece of shit and your fingerprints are all over all this deregulation of financial institutions"

Down in Costa Rica until next week and then off to the western states for 6 weeks before coming to CR for the winter.My offer is still open if you let me know in advance.March would be good or early December, before the 12th.

Regards,

Leo