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1979
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Wall Street Breakfast: Must-Know News [View article]
"in essence shifting most of the potential losses to the government. In the words of one fund manager: "This is one of those opportunities that, as an investor, we have to take advantage of."
Am I the only one that sees a bunch of crooks here?
Wall Street Breakfast: Must-Know News [View article]
This sounds like if values don't rise you dont make payments. I am sure that would prevent forclosures but at what cost. I dont mind to defer the payments but it has to be some reasonable period of time not "when the home values have improved."
Wall Street Breakfast: Must-Know News [View article]
Does seem to have problems passing the smell test.