Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Loan Modification
: Mortgage Lender Implode-o-MeterSheila Does a Deal
By Implode-Explode Heavy Industries
I hate the idea that this has the full faith and credit of the US. This is a repo 105 deal all over again. It is just optics, there is no substance. There is no reduction of risk to the taxpayer. This transaction just adds to the overall cost.
The FDIC has a $500b line with Treasury. This borrowing could have been accomplished much cheaper if that route were taken. The reason that did not happen is just more optics. If the FDIC had borrowed from Treasury the word ?bailout? would have been uttered. We wouldn?t want that to happen would we?
Full post as published by Mortgage Lender Implode-o-Meter on March 15, 2010 (boomark / email).
Hurricane Claims
State Farm Fire and Casualty Co. reaches settlement deal with Mississippi Attorney General Jim Hood.

Go Sheila, Go Sheila! Uh-Huh, Uh-Huh!
Does the Teachers Manual Include a Recipe for Sheila Simon's Lasagna
Sheila Bair Dispenses Good News and Bad
The 9/11 Victim Settlements: A Chat With Skaddens Sheila Birnbaum









