[TheDude]

$this->bbcode_second_pass_quote('', 'A') common approach to cleaning up banks' toxic assets has been agreed.

[ralfy]

Cross-posted from another thread and shared in another forum:

http://www.marketwatch.com/news/story/F ... 7A7F6B6%7D

And then listen to the second clip posted in

http://gcnlive.com/Archives2009/apr09/W ... yHappened/

[Cyrus]

Around here it will take quite a while to fill all of the vacanies from the rampant store closures.

[kiwichick]

don't underestimate these guys , they have huge vested interests pushing them

they is a obama effect helping them at the moment

[AgentR]

Hironegro, I'm not sure how lifting a ban on foreclosures relates to the point I was making concerning individual loan situations and available programs to restructure loans that on the edge of trouble. Nor does it say anything contrary to the fact that the last thing a bank wants to do is to own a house. People are always phrasing these comments as if the banksters are rejoicing that they be able to acquire some houses. Foreclosing on a house is ALWAYS bad for the bank's balance sheet; and in a climate where houses are falling in value and sitting on the market for a long time, its doubly bad, because not only will they end up selling the house for a loss; they are likely to get tagged with the cost of at least one real estate tax cycle.

OTOH, a ban is just dumb because, well, just as there are sleazy dealers, there are sleazy investors holding houses who might see a ban as an opportunity to just stop paying.