The Federal Deposit Insurance Corp MUST start staffing up on workout attorneys and loan liquidation experts. (We know the agency is concerned.) According to a new report by JPMorgan Chase, investment bankers are on the hook for $341 billion (WITH A B) in mortgage-related writedowns in the years ahead — both residential and commercial. This keeps getting worse! We know that they will revise this AGAIN…and AGAIN….According to this report…more than that 75% of these losses will be taken by FDIC insured banks. With all of these writedowns on the horizon, do you think any LENDER will hesitate to CANCEL Home Equity Lines?

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