Billy Ocean

Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea

Disolve Citi and give the mortgages to the home-owners.

I have no sympathy for Citi, the majority of their sub-prime mortgages were predatory on their face. They've already received tens of billions in tax payer dollars and let's not forget, Citi has already made a hefty return of parts of these loans.

18% on a 300k mortage fr 3 years is over 100k for each mortgage.

Let Citi die and give us our damn TARP money back, they don't deserve it.