Last night I interviewed Bruce Marks, CEO of the Neighborhood Assistance Corporation of America (NACA) about his plans to work with Countrywide to help distressed homeowners restructure their mortgages and keep a roof over their heads.

I wish Bruce great success in his endeavor. I think what they’re doing with Countrywide is a great project.

All these various ideas circulating to help working Americans with steady incomes keep their homes, keep a roof over their family’s heads, and avoid foreclosure are in my opinion, terrific. It’s old-fashioned banking. I say let’s do it. It’s the American way. It’s the capitalist way. I wholeheartedly endorse all of it.

As my guest Jim LaCamp, portfolio manager at RBC Dain Rauscher said, ‘If it works better for [Countrywide] then great’