[4RE KLR]

CDC,
Exactly. I say do not lower rates. Everyone that has a normal mortgage will be fine. The investors and the ripe off mortgage companies will pay the price. We builders are paying the price right now, so why should the flippers and mortgage companies get the bail out.

I think they need to go down with the ship. I have some friends that are in the mortgage business and they are crying every day wanting me to send them "Good Deals" I tell them I would not send them my criminals. Especially after what they did to my last client. This is the same company that ran off one of our good clients.

Truth is they do not want to make loans, they just want to get paid!

They all have HUGE homes now and cannot make the payments. They all brag on their websites they did ""$____________"" in closings or sales in 2006. I always ask them what have they done since they stopped taking orders? I get this hollow look every time.