Did You Hear The One About The Judge, The Fed Chairman And The Female Attorney From Arkansas
By Andy Miofsky, Illinois Bankruptcy Attorney on Mar 5, 2008 in Illinois
There was a Judge, a Federal Reserve Chairman and a lawyer, each pondering why the mortgage mess keeps dragging down the overall market economy. The Judge could not believe banks would not rewrite loans for a small loss to avoid taking a bigger loss in foreclosure. The Fed Chairman publicly encouraged banks to rewrite loans instead of allowing billions of dollars of loans to go into foreclosure. A common sense solution from the attorney finds its way in my blog A Common Sense Mortgage Solution From An Arkansas Attorney appearing at the Mortgage Law Network site.
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