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I will totally pay 1 cent for all those "toxic loans". I'm bound to find somebody who will pay at least 1 cent of their loan back. Eventually somebody will pay
by ROFISH 18y ago
I will totally pay 1 cent for all those "toxic loans". I'm bound to find somebody who will pay at least 1 cent of their loan back. Eventually somebody will pay 2 cents, etc. until you get a fair market value.
- kqr2 18y agoNot all of these toxic assets are loans but essentially insurance, i.e. credit default swaps. http://en.wikipedia.org/wiki/Credit_default_swap http://en.wikipedia.org/wiki/Credit_default_swap If you bought some of these for 1 penny you would be obligated to pay out money to cover some of these bets that have already gone bad.