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Loan Modification

: Mortgage Lender Implode-o-Meter

Who's better off: Americans or Egyptians?

By Implode-Explode Heavy Industries

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``"This whole cooperative idea, handing the banks the keys to the kingdom to become the new GSEs, that's just a terrible plan," says Joshua Rosner, a former GSE analyst who now works as a managing director for Graham Fisher & Co. "Why create a new class of too-big-to-fail GSEs? The banks have wanted to be the GSEs forever, and now they think they've finally got their chance."''

Full post as published by Mortgage Lender Implode-o-Meter on February 03, 2011 (boomark / email).

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