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Subprime

Discussion in 'Money & Finance Forum' started by Johnny Rebel, Apr 3, 2008.

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  1. Apr 11, 2008 at 10:42 AM #21
    VA49er

    VA49er Full Access Member

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    If penalizing means increased regulation, then yes. That's bound to happen, especially at investment banks. I bet regular banks are glad the feds made them keep all that capital over the years, or else we'd be talking a whole lot worse right now.
     
  2. Apr 11, 2008 at 12:27 PM #22
    vpkozel

    vpkozel Professional Calvinballer

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    If he doesn't have much (or any) equity in the house, he should call Wells and tell them that he wants a workout, or they can have the house. They'd jump at it in a heartbeat. Even if he has equity, he could pull it out with a second and do the same thing.

    Most of the foreclosures that you are hearing about now are home owners who want to have things go to foreclosure.
     
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