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Loan Modification

: Mortgage Lender Implode-o-Meter

Ladies and Gentlemen, the US Is Insolvent

By Implode-Explode Heavy Industries

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Obama openly says what anyone with common sense has known for quite some time: the US is broke, and will not be able to honor in full its financial and fiduciary obligations.

The question remains how the US restructures that debt and how big a haircut the debt holders will take as a part of it.

Full post as published by Mortgage Lender Implode-o-Meter on May 24, 2009 (boomark / email).

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