2 ms·
Er, the banks were bailed out of those terrible decisions. Individual homeowners were left to hold the bag.
by icelancer 9y ago
Er, 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.