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SPDR Gold Shares Message Board

  • ben.franklin36 ben.franklin36 Apr 21, 2009 6:23 PM Flag

    fed to Bail out High Risk Mortgage Holders

    "Some on Wall Street will likely be angry if Washington doles out money to investors who hold the high-risk end of a home loan."

    "Second-lien holders should get zero," said Bill Frey, president of Greenwich Financial Services in Greenwich, Connecticut. "Why should a second lien holder get anything if the first lien holder takes a loss? That's not the way the contracts work, that's not the way privatization works, that's not the way America works."


    http://www.reuters.com/article/ousiv/idUSTRE53K4RA20090421

    your tax dollars at work!..................LOL

 
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