http://www.perton.com/2008/09/25/the-case-for-mortgage-rewrites/ Marc's personal blog, about technology, consumerism, photography, the 70s, diabetes, the global Perton "family" and whatever else is on my mind. Hey, it's my personal blog, right? Fri, 10 Feb 2012 12:36:18 +0000 http://wordpress.org/?v=2.2 http://www.perton.com/2008/09/25/the-case-for-mortgage-rewrites/#comment-3030 Marc Sat, 27 Sep 2008 03:31:52 +0000 http://www.perton.com/2008/09/25/the-case-for-mortgage-rewrites/#comment-3030 The point of both the bailout and Yglesias' post isn't about "fault." It's about what we do to save our financial system now that we're in this mess. And there's a compelling case to be made for renegotiating loans with homeowners, in order to save communities and provide the lenders with significantly more money than they'd get with a foreclosure. The point of both the bailout and Yglesias’ post isn’t about “fault.” It’s about what we do to save our financial system now that we’re in this mess. And there’s a compelling case to be made for renegotiating loans with homeowners, in order to save communities and provide the lenders with significantly more money than they’d get with a foreclosure.

]]> http://www.perton.com/2008/09/25/the-case-for-mortgage-rewrites/#comment-3029 Ben Drawbaugh Thu, 25 Sep 2008 19:18:14 +0000 http://www.perton.com/2008/09/25/the-case-for-mortgage-rewrites/#comment-3029 Ultimately it is the home owners fault, they are the one who took on loans they couldn't afford. Sure, the banks had their part in it, but blaming anyone but the borrower, is like blaming the teacher for the five percent of the kids who failed their class. Ultimately it is the home owners fault, they are the one who took on loans they couldn’t afford. Sure, the banks had their part in it, but blaming anyone but the borrower, is like blaming the teacher for the five percent of the kids who failed their class.

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