tag:blogger.com,1999:blog-602664611343971452.post5590372049260864794..comments2024-01-06T08:57:16.475-05:00Comments on Trust Your Instincts: From the regulators don't get it file: "Banks should be thanked for helping struggling homeowners"Anonymoushttp://www.blogger.com/profile/11316888485290662469noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-602664611343971452.post-43256988890168343082012-10-17T16:26:47.575-04:002012-10-17T16:26:47.575-04:00Agree with everything you said except for causing ...Agree with everything you said except for causing confidence to drop further off the cliff. I think the ongoing policies to 'hide' the losses are damaging to confidence.<br /><br />The only way out of this mess is to bring price discovery back.<br /><br />It really helps when buyers are not concerned that they are overpaying by 20%.<br /><br />Anonymoushttps://www.blogger.com/profile/11316888485290662469noreply@blogger.comtag:blogger.com,1999:blog-602664611343971452.post-62709011097568921022012-10-17T13:39:33.558-04:002012-10-17T13:39:33.558-04:00Tweeted something very similar this morning. An ab...Tweeted something very similar this morning. An absurd proposition. However, my point was that banks, lawmakers and regulators have colluded on forbearance. They were all aware that crystallising mortgage losses would only flash price discovery indicator to surrounding homeowners. This would have caused confidence to drop further off the cliff.<br />The fact Bailey says what he does is scary. creditplumberhttps://www.blogger.com/profile/10325249997558033805noreply@blogger.com