Detailed text transcripts for TV channel - MSNBC - 20111210:12:15:00
Sits vacant and unused for an average of 193 years. in fact, lieu ranieri who helped invent mortgage backed securities said the following in 2008. >> you are always financially better off structuring a loan around a credible borrower than going to a foreclosure. if we keep letting these go into foreclosure, it is a feedback loop which will ultimately crush the consumer economy. >> almost every economist and analyst who looks at the u.s. economy agrees that processing foreclosures and deleveraging mortgages and allowing households to reset their balance sheets is a fundamental key to a genuine ...
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