[lbo-talk] Dodd bill

Doug Henwood dhenwood at panix.com
Tue Sep 23 18:14:35 PDT 2008


On Sep 23, 2008, at 7:14 PM, boddi satva wrote:


> Some kind of payment insurance program - like the thing Julio
> Huatao is
> proposing - is far-superior and far-cheaper.

So who gets support? People who are delinquent or in foreclosure? Why would anyone keep paying a mortgage then?

Besides, given delinquency rates for the whole, not just subprime, mortgage market, Julio's plan would cost about as much as the proposed one.

Doug



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