• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Frontrunning: August 25

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/25/2011 - 08:28 | 1598630 Earl of Chiswick
Earl of Chiswick's picture

U.S. May Back Refinance Plan for Mortgages



The two prevailing ideas, lowering rates on mortgages and converting houses owned by government entities like Freddie and Fannie into rentals  and other uses, (WTF other uses) 


But refinancing could have far greater breadth, saving homeowners, by one estimate, $85 billion a year. (and costing taxpayers same)

Thu, 08/25/2011 - 08:50 | 1598721 Alpha Monkey
Alpha Monkey's picture

U.S. May Back Refinance Plan for Mortgages

i wonder if it's just to try to keep some suckers paying their mortgages a little while longer.  Or do we have a whole lot more projects about to be developed.  Judging by the tent cities I'm seeing spring up in Seattle, I think there are plenty of people that could use cheap government housing.

Thu, 08/25/2011 - 08:54 | 1598744 snowball777
snowball777's picture


Thu, 08/25/2011 - 08:25 | 1598633 IMA5U
IMA5U's picture

And high yield index up 3/4 of a point


Bad week to be a Bear    Wait until September 

Thu, 08/25/2011 - 08:31 | 1598650 SheepDog-One
SheepDog-One's picture

'Bernanke signaling no QE' bad time to be a Hindu cow.

Thu, 08/25/2011 - 08:33 | 1598654 firstdivision
firstdivision's picture

Tyler, why no mention of this http://www.bloomberg.com/news/2011-08-23/new-york-is-removed-from-state-foreclosure-group-after-voicing-concerns.html 

Looks like banks are getting an easy way out again.

Thu, 08/25/2011 - 08:38 | 1598662 snowball777
snowball777's picture

Sounds like Schniederman didn't want to play ball...let's hope he hasn't spent too much time in whorehouses of late.

Thu, 08/25/2011 - 08:38 | 1598666 Cdad
Cdad's picture

U.S. May Back Refinance Plan for Mortgages

Great.  I'm sure people who have left their homes and left the keys in the mailbox will sign up in droves.  Just another bank bailout move.  

How many bank bailouts does it take to make a bank whole and thus preserve the bonus pool?

Fri, 08/26/2011 - 03:34 | 1603146 MGHJFHD
MGHJFHD's picture

I feel like I’m constantly looking for interesting things to read about a variety of topics, but I manage to include your site among my reads every day because you have compelling entries that I look forward to. Here’s hoping there’s a lot more top-notch material coming!


Whether it is in the summer or in the summer, fashion accessories are indispensable in people’s daily life. View wholesale body jewelry|belly rings|nose rings|nose ring , we sure you will be delighted with them.

Do NOT follow this link or you will be banned from the site!