Lenders Lend
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One of the best analysis posts I have read in a long time that echo’s many of the ideas that I have been stating. Jeff just did a great job of putting together the thoughts I have had in one GREAT post!
Essentially, lenders lend and will do what is in their best interests. They will absorb some pain to keep markets alive as opposed to the zero sum gain sad sacks who are invested in failure.
Go read this outstanding post at Bloodhound Blog by Jeff Brown, AKA BawldGuy.

