3 ms·
wasn't converting Americans' homes into spooky financial instruments one of the big reasons for the collapse?
by zelly 7y ago
wasn't converting Americans' homes into spooky financial instruments one of the big reasons for the collapse?
- spurdoman77 7y agoThis doesnt sound spooky to me, you have to own the housw before you can sell the upside option. Meaning you already have paid your house loan. Very niche product, mainly for old people.
- joezydeco 7y agoFTA: "Patch even covered three months of an owner’s mortgage during a liquidity crunch for his small business" That doesn't sound paid-off to me.