Faced with mounting lawsuits, the government is taking a page out of the Russian model and putting the screws on mortgage lenders to pick up the modification pace. As we are way past the time when the likes of Citi and BAC should have be looking at things like a borrower’s ability to repay a loan, the White House figures it might as well get some political bonus points out of its stakes in firms that would have a tombstone next to Lehman’s were it not for the Washington safety net. Throwing caution to the wind, the administration’s bogey is for lenders to produce 500,000 trial loan modifications by November 1st- which will likely convert soon after into full-blown losses and pave the way for TARP version 2.0.
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Good to know the government is fighting fire with fire. Weren’t these the issuers using Russian business practices that contributed to the problem?
Greggums,
It is just so cute when you post to your own articles to make it look like people give a shit.
Mommy’s getting her colon cleaned today at 2pm. Can you take a long lunch break and come hold my hand?
Roast beef for dinner (and bearded clam for dessert, just for you!)
Love,
Mom
oooh #2, this is too nasty.
But what a vivid imagination! You should write movies.
Now that modifications have been proven not to work….let’s throw billions of dollars at them. Your bailout dollars at work.
@2, no longer funny. You should put that schtick away for special occasions, like the Seinfeld guy did.
It was really really funny but now it’s not, you’re straining for funny and you’re missing it.
Just give it a little rest, a month or two? then maybe it will be funny again.
Initially I supported you, but now you bore the shit out of me.
@Greg’s mom,
Still funny. Carry on.
Just ignore Greg and hope he goes away. Like that time you got that tingle in your dingle.
stfu @5
greg’s mom is still fresh
@5 – Go away. Your presence on this blog is cancerous. Please biopsy yourself in the face.
Thanks,
Guest
@5 [Greg's "best friend" (i.e., penpal from Nigeria) Ndugu Umbo],
Financial blogging, like football, is a game of inches. Terms like ‘bearded clam’ and ‘colon cleanse’ transcend the banal and rocket #2 to comment glory status.
Please attach one end of 20′ high-tension wire to genitalia, the other to 45lb. olympic weight, climb to top of 30′ village tree, proceed to drop weight.
that was so fucking painful to read, i’m shaking worse than michael j. fox’s left hand
decent pic greg, though i’m surprised you didn’t use the one with viggo mortensen’s cock dangling like your blogging career in the wind
Greg > Bess
all you Bess lovers have never gotten laid, period.
@12 yeah, but no. thanks for playing, though!