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This seems to be the quintessential comment along the lines of how we can kick a time bomb down the road a bit.
by sidewndr46 1y ago
This seems to be the quintessential comment along the lines of how we can kick a time bomb down the road a bit.
- y-curious 1y ago>kick a time bomb down the road Add it to the list that includes social security funding, population decline, poor infrastructure, attitudes towards vaccines and the national debt. It's just how we roll
- ethagknight 1y agoWell no not at all, the loans already exist, and I guess you assume write offs are a given, so rip the bandaid off? Why not work to avoid? Loans are tied to a term, borrowers can resolve their own liquidity issues, so it’s not crazy to give underwater loans time and breathing room in rate to work out without forcing a collapse. Simply broaden underwriting requirements for new loans. Time, value, and risk, right?