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Loan Modification

: Mortgage Lender Implode-o-Meter

Money-Center Banks To Re-Default Their Loan Modifications.

By Implode-Explode Heavy Industries

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" With the high estimate of losses, the industry needs to raise an ungodly $2.6 trillion of new capital. Or they need 13 years of great years in a row. And they give away every one of those 13 years of great profits to stand in the same place they are standing right now. Why would anybody want to own anything that has any connection to this?"

Full post as published by Mortgage Lender Implode-o-Meter on June 26, 2009 (boomark / email).

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