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Sub-prime mortgages! What could go wrong?

• idontpost 8y ago
  These are almost the opposite of sub-prime mortgages. A sub-prime mortgage is made at market rate--at an unaffordably high rate as a result of the risk. These are below-market rate loans -- loans at affordable rates for the borrower in spite of the risk. The in-spite part is what makes this philanthropic.
• PierceJoy 8y ago
  When the only party that has exposure is a large corporation for whome the money is a drop in the bucket, not much could go wrong.