Also, do you think the government will profit from the toxic mortgage loan buyouts?
The people will own the homes? But I thought these homes are already in forclosure and they are bad debts on these companys’ books?
They have to do something about this otherwise more defaults are going to happen. Do you think they are going to create some breaks on mortgage financing, such as lowering rates and offering 50 year fixed loans, so many people are able to afford the payments. Or are they just going to let more borrowers [...]
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