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You don't remember the 99.999% being offered unjustifiable mortgages? That was a big part of the financial crisis.
by mortehu 9y ago
You don't remember the 99.999% being offered unjustifiable mortgages? That was a big part of the financial crisis.
- icelancer 9y agoEr, the banks were bailed out of those terrible decisions. Individual homeowners were left to hold the bag.
- mortehu 9y agoIf you wanted to bail out the home speculators individually, the analogous approach would be to buy their houses at below the prices the speculators had paid, essentially a short sale. Remember TARP bought the assets for close to their realized value, so the loss was already priced in.