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« Power Grab | Main | No Más No Más »

July 09, 2012

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Woodrow Wilson

Great Blog...

This issue (HELOC) is nothing new, there's actually a great clip on "YouTube" of Adam Levitin of Georgetown Law testifying to CONgress that the exposure on HELOC's alone make entities with large exposure insolvent in a true mark-to-market world. Of course, we don't live in that world anymore.

Should be interesting if The Fed ever leaves ZIRP (which is doubtful) and interest rates blowout underwater homeowners on just HELOC's.

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