Steve, I knew about the bankruptcies. That's why I say the bankers are pissed off. They get little or nothing when a person declares bankruptcy due to excessive consumer debt, but they do get something if you take out a HELOC to pay the consumer debt and then default. It's too well concerted to not have been planned. They're going to foreclose on as much as they can and then charge exorbatant prices to rent or purchase it from them. The only good news is that for guys like you and me who have stayed relatively debt free (fixed mortgage notwithstanding), our home values and rental property values will go up as well.
AG goes into the joint committee meeting at 10 tomorrow morning. I don't know how long it will last.
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