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