Detailed text transcripts for TV channel - MSNBC - 20111207:21:09:00
Overall mobility of the community here in massachusetts in order to adapt and pursue the economic prosperity and problem solving that we're all anxious to get after? >> well, let me give you an example, for instance, someone who has 147,000 condo who -- who loses a job, can't make the payments. he can afford that, if the bank were to look at an $80,000 or $90,000 reduction in principal, but they won't do that. they will do a short sale, they will foreclose and then they sell that condo for $40,000. that makes no sense to anybody, but this rush to foreclose completely ignores, not just consumer...
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