Tuesday, 1 December 2009
Mortgage Modification: Bank Bailouts By Another Name?
Let's look at it another way: Some people borrow 500k to buy stocks and bonds, because they believe the hype that the markets are good long-term investments. Their investments are now underwater (worth less than they paid for them). These people would be better off giving the banks their stocks to write off the loan, then rent them back (buy options). What government support can they get?# posted by Had It in Holland Park @ 09:15 
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