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> Does any business operate this way, including the one you work at? That is, selling things to the people who need it most for the amount that "minimizes defau
by gindely 6y ago
> Does any business operate this way, including the one you work at? That is, selling things to the people who need it most for the amount that "minimizes default" (ie lowest price).
Yes
> This article is about wealthy mortgage borrowers. The first guy is 60 years old with a $700k mortgage who wants a lower rate. How is it in the public's interest to grant him that? Perhaps it's in the public's interest for this man to continue to pay his modestly higher rate in order to cover expected losses from those who truly need it?
I wasn't responding to the article.