Is Sheila Bair Playing Robing Hood to in her plan to Run for Political Office

What motivates someone to decide that lenders should pay a ransom fee to
take back their asset?

The banks lent the money with house as the securing interest in case of
default. There is no doubt that the mortgagee stopped paying. So why should
they now pay a hefty fee to throw out the occupants.

The Government wasn't smart enough to avoid this mess, and that means they
aren't smart enough to avoid the next one. If they got rid of their
incentives, and insurance, people would be more responsible on taking on
risk.

From DS News

http://www.dsnews.com/articles/servicers-asked-to-consider-21000-cash-for-ke
ys-option-2011-03-25

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766