Comments on: Treating debt wounds with Band-Aids http://blogs.reuters.com/james-saft/2011/10/25/treating-debt-wounds-with-band-aids/ Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Robertla http://blogs.reuters.com/james-saft/2011/10/25/treating-debt-wounds-with-band-aids/comment-page-1/#comment-967 Thu, 27 Oct 2011 11:06:10 +0000 http://blogs.reuters.com/james-saft/?p=622#comment-967 yes……good commentary. finally!!

]]>
By: inlyon http://blogs.reuters.com/james-saft/2011/10/25/treating-debt-wounds-with-band-aids/comment-page-1/#comment-964 Wed, 26 Oct 2011 17:14:37 +0000 http://blogs.reuters.com/james-saft/?p=622#comment-964 I agree but it will buy home owners time. Friends who are underwater have lowered their payments by renegotiating so they could default and get out when they wanted to. This lets them save money while waiting to let kids finish the school year, find a place to live etc and then telling the banks to enjoy “home ownership”.

]]>
By: rwmccoy http://blogs.reuters.com/james-saft/2011/10/25/treating-debt-wounds-with-band-aids/comment-page-1/#comment-963 Wed, 26 Oct 2011 13:26:19 +0000 http://blogs.reuters.com/james-saft/?p=622#comment-963 Actually, a lot more can be said. Imagine the carnage in the housing market if these homeowners find themselves even deeper underwater. Think about the pain and humiliation that these homeowners will endure when they have to declare bankruptcy — not a nice process last I heard. The healing time for their shattered confidence before they can even contemplate buying another home will be a big influence in future home sales. Oh, and what about the bitterness they will feel towards the mortgage lenders, the government and the realtors; this might manifest itself in some appalling but understandable ways.

The Occupy Wall Street sit-ins could just be a pre-amble for something much more confrontational.

]]>
By: upstater http://blogs.reuters.com/james-saft/2011/10/25/treating-debt-wounds-with-band-aids/comment-page-1/#comment-962 Tue, 25 Oct 2011 23:36:38 +0000 http://blogs.reuters.com/james-saft/?p=622#comment-962 Excellent commentary. Nothing more can be said!

]]>