Subprime: everybody start whinging: Part 2, what’s your beef?
[Continued from Part 1.]
As I wrote yesterday, the mortgage industry debt-relief proposal should help roughly 1,200,000 households, at a stroke, moving them from future default into ongoing viability. This is a huge thing, to be applauded.
It should reduce the default pressure by roughly forty percent — and that’s in everyone’s interest, as observed by the […]
