by Tanta on 12/09/2007 11:02:00 AM
Sunday, December 09, 2007
CR adds: here is the link to Tanta's piece referenced in the Chronicle: The Plan: My Initial Reaction
Thanks to Bob Dobbs (and bacon dreamz) for this: we made it into a real newspaper!
From the San Francisco Chronicle, "Loan bailout is not likely to help many homeowners":
A fascinating though somewhat technical piece on the blog Calculated Risk surmises that this "convoluted and counterintuitive plan" was designed to stay "on the allowable side" of the contracts (called pooling and servicing agreements or PSAs) that govern how securitized loans are handled.Dear media people: we appreciate being cited just like anyone else. That's what our media policy is about.
For the rest of you who've been hanging out at Calculated Risk before it was cool, a little celebration: