Biotech Values

[corpstrat]

Well, o ye worshippers of the market, how is supply and demand for homes going to come into balance? Mass foreclosures won't help, will they? Ideally it would be something like this, right? Lenders would take a haircut on the loans, reducing the home value and mortgage to the amount borrowers could actually afford and thus leaving the borrowers in the homes. Having a lot of empty property standing around - with nobody paying anything to service the capital tied up - sounds like something the USSR would have thunk of.

Some may recall Econ 101 and the hog cycle. Well the WS hogs seeme to have recreated it with housing, and the point of the 101 exercise was that unaided markets have no way out of these. Unfortunately, the alternative morphs into the frigging Farm Bill.