3 ms·
Well up to 40% could default on them before you got to that point. Right now no one knows what the rate will ultimately be. In some areas it is already 60%, but
by krschultz 18y ago
Well up to 40% could default on them before you got to that point. Right now no one knows what the rate will ultimately be. In some areas it is already 60%, but in some areas it is 5%, so 40% nationally would be a very high number. At that point the better question would be what to do with so many bankrupt people.
- soundsop 18y agoRemember, the 700 billion would purchase the worst bank assets, so presumably the associated mortgages would default at significantly higher rates than the national average.