Thursday, 24 June 2010
Taxpayer-Owned Fannie Mae Attacks Struggling Homeowners
Simple analogy: I borrowed 10,000 to buy a car. Now it's only worth 8,000.
Should I be able to walk away?
Okay, knew the car's value was going to fall in advance -
Should I be able to walk away?
Okay, knew the car's value was going to fall in advance -
but I also knew house prices can go down as well as up.
# posted by Had It in Holland Park @ 00:44 
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