I was thrilled this morning to hear an echo of my own thoughts coming from someone with much more clout than me on CNBC.  My last post was titled “Don’t Ask Banks to Make Risky Loans” and today on CNBC, Neel Kashkari, head of TARP commented, “banks shouldn’t be forced to make risky loans.” Seriously, we are on [...]

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In my November 21st post, “It’s the Monthly Payment, Stupid,” I quoted Larry Anderson, a bankruptcy attorney in Washington DC, as saying, “[He] favors allowing bankruptcy judges to modify loan terms.” His point was that without the power to adjust loan terms, ergo, reduce the monthly payments, homebuyers were wasting their time trying to save [...]

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