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Monday, November 12, 2012



This may appear to be a simplistic solution but I have a simple mind to match:
Since homeowners have to bear the loss of property value due to doubtful financial processes it would appear equitable that the lenders bear a proportional loss in the mortgage amount.
Then homeowners may not have to default and the health of the RE economy will stabilize.

This is a financial translation of an old UK proverb which says:
What is sauce for the goose is sauce for the gander"

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