re: Definition of insanity?
We know what they said during the SEC hearings and now they think they know what's best again.
Funny thing about waiving appraisals. You bought the house for $300K the bubble bust dropped the value to $150K but you still owe the $300K because you bought it under special circumstances in the first place. How are going to justify that?
I suspect there is more to this than meets the eye at this point. But for sure the redistribution of money is on its way.