Journal Community     • Lee Godfrey's Comments      Recommend a
comment by clicking the recommendation icon     Total
recommendations for all comments: 22     • Story: Foreclosure
Squeeze Crimps Las Vegas Real-Estate Market (248 days ago)
Comment: Pat, I admire you for honoring your commitments. You
didn't exploit a housing finance system unprepared for the mass
of foreclosures which occurred after the bubble burst. You
probably have less money, but you've got pride. The guy who
lived in a home for 54 months without paying his mortgage is
repugnant.        1 Recommendation     • Story: Banks Present
Own Crisis Plan to Fed (266 days ago)        Comment: Issuing
long term debt would give the banks a source of capital to
rebuild equity in event of a crisis. Initially the debt is a
liability. Assets equal liabilities plus equity. If the debt is
written off (i.e. creditors suffer losses), then equity
increases since the bank has extinguished a liability without
repaying it. That's why it's called a bail-in.