tag:blogger.com,1999:blog-3758330678390419129.post1653536388097024541..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Solving the Residential Mortgage CrisisRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-2606724390664038322010-09-11T13:02:26.172-04:002010-09-11T13:02:26.172-04:00I agree fully that the private sector can solve th...I agree fully that the private sector can solve the crisis more effectively than the government. Most real estate investors and private mortgage lenders have recovered despite the fact that bank loans are scarce.<br /><br />They don't wait for buyers to come along who will qualify for bank loans, there are too few with the lack of bank lending. Investors create the financing and bundle it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12510566739769427832010-08-18T14:53:32.728-04:002010-08-18T14:53:32.728-04:00You write: "With the private sector in charge...You write: "With the private sector in charge the residential mortgage crisis would have been over months ago. Instead, we have funny money payments to some mortgage holders, banks who aren't writing down their loans and most scary, a trillion dollars of excess reserves hanging over the economy that could at any moment trigger a huge tidal wave of inflation."<br /><br />My response theyenguyhttp://theyenguy.wordpress.com/2010/08/17/3-5-million-squatters-live-payment-free-as-banks-exercise-their-fasb-157-entitlement-and-decline-to-foreclose/noreply@blogger.com