Re: Paulson\'s Plan to Freeze Mortgage Adjustments
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Wow, this is such a complex topic! I'll make it simple with one word, VOLUNTARY.
Jimbo
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The way I hear them talking it sounds like something more than voluntary being proposed. No one could object to voluntary which would be mostly meaningless anyway. What Paulson is proposing evidently has enough teeth to have gotten the market pretty excited about the financials today.
PairTheBoard
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Well he met with the top bankers suggesting a voluntary freeze, that is all there is to it. These days the market needs very little news whether real or imagined to soar or drop like an anchor.
A good example is the fact that AT$T and apple will release a 3G version of the I-Phone early next year. This was already common knowledge yetwhen a newspaper published it RIMM dropped from $124 to almost $112 today. Hardly a rational percentage change on this projection.
Jimbo
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