No, Just No. If the Powers that Be Can Restructure the loans outstanding for a longer duration, even w/a lower Interest rate. The Govt Wins! The People Win! This isn't brain surgery. You finance X for 7 yrs, the $ comes back in 7 yrs. OK, even if the interest rate is Low...40yrs = 4.4 X's the original investment w/interest.
Don't Buy the Bad Loans! Don't give the Money to the Banks! Just restructure the Loans! The FDIC has the right idea that will work for this problem.
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No, Just No. If the Powers that Be Can Restructure the loans outstanding for a longer duration, even w/a lower Interest rate. The Govt Wins! The People Win! This isn't brain surgery. You finance X for 7 yrs, the $ comes back in 7 yrs. OK, even if the interest rate is Low...40yrs = 4.4 X's the original investment w/interest.
Nov 17 06:50 am
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All Comments by Kinja Rules »Freddie Mac First to the Trough [View article]
Don't Buy the Bad Loans! Don't give the Money to the Banks! Just restructure the Loans! The FDIC has the right idea that will work for this problem.