Yes InfiniteNow good or bad is very realative. if I was being thown out of, what I beleived was "my" house, I would be greateful for a reprieve too.
But is it a reprive?
Thanks Zythryn
No authority really? So much for spin! Bush is being reported as a White Knight in the press here.
This was an interestingly written article
Housing; Saved Or Sunk?
Quote:
The numbers of those reported to benefit from this wonderful program, is about as accurate as Bernanke and Greenspan’s statements that housing is not capable of dragging down the economy.
While few will actually be helped, it’s a nice gesture to save even some of those who were purposely thrown under the bus by those who purposely threw them under the bus.
|
Less risky loans are also taking a hit
Quote:
The fallout from the subprime debacle has been evident overseas as well. London-based Caliber Global Investment lost 53% on U.S. subprime .loans, and is shutting down. Oddo & Cie, a French money manager, is closing three funds totaling $1.37 billion, citing the crisis in U.S. asset backed securities.
Australia’s Macquarie Bank announced that its two highly-leveraged high-yield Fortress Investments Funds could lose up to 25% of its investors’ money. Significantly, the funds weren’t directly exposed to U.S. subprime investments, but were impacted by the plunging values of riskier investments in the credit markets.
|
Comstock Funds
