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Loan Modification

: Mortgage Lender Implode-o-Meter

Vallejo Bankruptcy Plan Offers Unsecured Creditors 5-20%; JPMorgan CEO Forecasts More Municipal Bankruptcies; Bernanke Will Not Rescue Cities

By Implode-Explode Heavy Industries

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``My big problem with Vallejo's announcement today is the city had the opportunity to rewrite union contracts and failed to do so. Thus Vallejo failed to fix its structural problem.''

Full post as published by Mortgage Lender Implode-o-Meter on January 20, 2011 (boomark / email).

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