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But all that is even worse. It doesn't help for the fundamental problem : mortgages are losing money slowly and (I just checked) corporate loans and bonds are l
by iofj 11y ago
But all that is even worse. It doesn't help for the fundamental problem : mortgages are losing money slowly and (I just checked) corporate loans and bonds are losing money a bit faster.
If the government owns those loans, once their losses accelerate ... well ... we know how they "fixed" that problem for student loans.
http://www.forbes.com/sites/stephendash/2015/10/25/why-student-loans-are-so-difficult-to-discharge-in-bankruptcy/#779b10f11430 http://www.forbes.com/sites/stephendash/2015/10/25/why-stude...
http://www.bankrate.com/finance/student-loans/student-loan-horror-stories-1.aspx http://www.bankrate.com/finance/student-loans/student-loan-h...
- ZoeZoeBee 11y agoOh we're on a collision course with reality, and it is not going to be pretty. Buckle Up and Enjoy the Ride.