There is no "market," right? We really don't know how low prices have already gone down to, because if the foreclosures were on the market or if banks were actually kicking all the people out that haven't made payments... (Continue reading)
The idea behind principal reductions is to prevent the United States banking system from imploding, and to prevent the deflationary spiral we've been in for the last two years from becoming a full scale depression from which we are unlikely... (Continue reading)