should CHL be blocked from Foreclosing?

bubumptybumb

bumbp

Need to flush out the bad borrowers in order to find bottom

bad borrowers? Is a borrower a bad person for trying to live the AMERICAN DREAM? FRED... there is no such thing as the bottom. You have no idea what kind of tricks were done in order to fraud the consumers. Obviously

All of you need to look a little closer at the mess that is the mortgage industry. CHL defrauded the lenders that loaned the money to the consumers by not verifying incomes and cedit histories. They violated the consumers trust by handing out mortgages to people who couldn't afford them and not disclosing the true nature of the financial agreements.
So the "bad" borrowers aren't necessarily "bad" borrowers. Most of them were duped into something they didn't really understand by people who were/are overly greedy.
So it's a long sorted process of figuring out who can and can't afford to keep the homes they purchased and put money into.
Unfortunatley the banks and lenders don't care about the people, their homes, or their families. All they care about is the money. In the end they are the ones who will lose, for every house they let forclose they are losing the difference in value because they still have to pay the lenders back the full amount that they were guaranteeing. Hence the bank bailout. However they are still overly greedy and want the money for themselves instead of paying their own debt. So they only ones getting hurt are the hardworking, tax paying US citizens, who pay their bills.

yup