Reply #63: somebody should run against that sheriff

[Chicago dyke]

on a platform of "if you elect me sheriff, i will protect you from crime, not the banks' property portfolios."

it makes me so mad that they tossed this guy out of his own home. cramdowns are fair, and should be happening everywhere. because i'm sorry folks, but values aren't going to go back up. get used to it. so much of the "value" the banks think they deserve to be paid is smoke and paper. that's the essential lesson of the bailout and i'm sorry so many people can't understand. but the truth is the banks are doing this sort of shit out of desperation, the real numbers show they are hold paper worth far, far less than they want to believe.