I didn't know the state constitution intended for the senate to meddle in the private affairs of tenants and landlords.

I take it from the above that higher-income individuals are not 'hard-working.' Did you think of that during your month long recess? Very 'hard-working'.

The city pension funds should invest in projects that maximize the return on their investment, not for political purposes. If this was done in the private sector, we'd call in another Enron/Worldcom scandal.

Every retiree in NYCERS should sue for a breach of fiduciary responsibility. Every taxpayer should minimize their tax liability as much as legally possible to compensate for the increases later on because of the lower returns on the pension fund that will be supported by taxpayers.

Forget about the dribble from these wannabe freakanomics bums...when the public provided grants, mortgage assistance at rates not available in the marketplace, eminent domain to "clear the field", tax abatements, guaranteed rates of return, nobody said squat.  These buildings stabilized neighborhoods when the market said to abandon the entire borough of the bronx and half of manhattan and brooklyn....should we have listened to the red-lining bastards then?....i think not......

the market only listens to their investors, not the public good.....hopefully these goals align, but not always.....those buildings would not have been built without joe taxpayer doing some heavy lifting and taking all of the risk, but now they are worth two nickels the only question these fake adam smith's want to ask is "why is the gov't all in my business" and "distorting the housing market?"

our elected stewards should make the burden easier for average folk, not hanging ourselves with our own resources.  While you cant take it too far and must get a good return....unbridled capitalism at one time got good returns for slavery, prostitution, illegal drugs, apartheid, and whole host of ills. if our only master is rate of return, perhaps we should be investing in oil prospecting in darfur., mr. jintao....the nerve of some people.....what gov't maybe should be careful is giving too many trillion dollar guarantees to all those clowns downtown who keep screwing up the economy the moment the gov't regulators stray too far.....those finance people are like children you have to keep watching.......the greedy little theives are so confident, but their remedies never seem to benefit anyone but themselves.......listen to them not......KEEP FIGHTING FOR AFFORDABLE HOUSING

This isn't the second phase of the mortgage crisis. It is one small part of the stupid debt, to hell with tomorrow crisis -- federal, state, local, corporate, personal.

I wonder if the NYC pension funds are invested in these particular bonds.  Rumor has it Tishman is having problems at Stuytown too, despite all the rent regulation illegal sublet abusers they were able to get rid of.  Perhaps their underwriting assumed that whas the whole complex!

 Let the lessons be learned.

I called that proloanmods place that Jeff mentioned.  I checked them out with the Better Business Bureau and then decided to use them.  I was at 9.9% on an ARM that was adjusting in December.  I was also 2 payments behind and was a year behind on my property taxes.

Those days are behind me.  I'm with Chase.  Jay over there did my loan modification and he got me 4.75% for the first two years and then my rate goes to 6.0% after that and is fixed for the rest of my loan.  Both payments I was behind were put on the back-end of the loan and the bank even paid my property taxes and put that all on the back of the loan and set me up an escrow account. 

I almost used another modification company, but they didn't check out with the Better Business Bureau.  I'm glad I used www.proloanmods.com. 

It's sad for all of the tenants of a building when the building owner defaults on the mortgage. Hopefully they can make arrangements with the lender to keep their homes. Jack @ <a href="http://www.grand-rapids-mortgage.com">Grand Rapids Mortgage Company</a>

That was the day when the Dow Jones Industrial Average hit its historic peak. From there, it was all downhill – slowly but steadily at first, and then violently after last August – until the Dow bottomed (for now) on March 9 of this year. Over that span, the index lost 54% of its value.

It’s been a Best Insurance Guide to just about everyone. But it’s already being referred to as the crash. As if the unpleasantness were now all behind us. More likely, in the future it will be seen as, simply, the first crash.

That was the day when the Dow Jones Industrial Average hit its historic peak. From there, it was all downhill – slowly but steadily at first, and then violently after last August – until the Dow bottomed (for now) on March 9 of this year. Over that span, the index lost 54% of its value.

It’s been a crushing blow to just about everyone. But it’s already being referred to as the crash. As if the unpleasantness were now all behind software gestionale. More likely, in the future it will be seen as, simply, the first crash.

It's sad for the tenants while we are doing their job well.

<a href="http://www.BuyingPropertyCyprus.co.uk">Buying Property Cyprus</a>

So this is the second mortgage crisis, thakns for the post..

 International City Dubai

is the bailout plan for this?