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In my opinion, you move the prices back to $200k and reprice the loans to the $200k price level. The banks take the haircut, Bob gets to continue to live in his
by tehjoker 5y ago
In my opinion, you move the prices back to $200k and reprice the loans to the $200k price level. The banks take the haircut, Bob gets to continue to live in his house. Of course, this causes the financial system to fail, but fuck em. Let the government take over the financial sector.
- knicknic 5y agoThe banks don’t own the loans, the government does, or peoples retirmenet funds… How is repricing home loans going to affect banks?
- tehjoker 5y agoWell, I'm pretty sure the banks do in fact originate mortgages but if they are ultimately owned by the government, then given we print our own money and collect taxes, such things can be adjusted easily.