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Loan Modification

: Mortgage Lender Implode-o-Meter

FOMC In English

By Implode-Explode Heavy Industries

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"All this crap failed to work - again, as I said before, the goal was to restart private credit expansion. It didn't - it's still contracting. Indeed, the really bad news is that even with all the government games total credit outstanding is contracting EVEN WITH government "borrow and spend" - an unprecedented problem."

Full post as published by Mortgage Lender Implode-o-Meter on December 17, 2009 (boomark / email).

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