Wednesday, April 29, 2009

Legacy Loans?...that sounds much better?

Since when did "Toxic Assets" become "Legacy Loans"?

JMO: Apparently we think that making it easier on our ears will somehow increase our confidence. Even with "foreclosure moratoriums" and "loan modifications", we still haven't dealt with the 100's of thousands of home that have ALREADY been foreclosed upon. Moratoriums/Modifications are of no use for these properties.

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