Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea [View article]
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.
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Bad Bank, Or Bad Plan? [View article]
What a p00n. Canned response much? wanker.
seekingalpha.com/user/...
On Jan 29 07:52 AM Ranchr wrote:
> With every Seeking Alpha short screaming bloody murder at the Bad
> Bank approach, it must be a very good idea.
Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea [View article]
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.