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The irony is that "the rich," or at least those who own mortgage-backed bonds, probably do want a bailout for "the poor." They get the money in the end, and a l
by Agathos 19y ago
The irony is that "the rich," or at least those who own mortgage-backed bonds, probably do want a bailout for "the poor." They get the money in the end, and a lot more of it than they can recover from foreclosures.
If somebody owed me a lot of money and had no prospect of paying it, I'd love to see a third party step in and pay with no strings attached.