Financial crisis. When a mortgage loan default, the homeowner looses doesn`t matter what equity it have within the property..?
If the government buys from the bank that mortgage loan, shouldn't the mound share in whatever loss take place.
Why should the taxpayer absorb the entire loss?
Answers:
The answer is yes, the bank should. But guess what, It ain't.
And no. The taxpayer should not income any of it,
The bankers took a risk in making these loans and now are going to be taken trouble to by Bush and Company.
Some want to call this socialism, but let's call it what it really is, Fascism! (Control of the policy by private business)
Who wants a million dollar home that should have never be built in the first place?
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mortgage and equity loan, does one have a better interest rate than the other overall? does an equity loan have an help or is it almost the same thing if...
Why should the taxpayer absorb the entire loss?
Answers:
The answer is yes, the bank should. But guess what, It ain't.
And no. The taxpayer should not income any of it,
The bankers took a risk in making these loans and now are going to be taken trouble to by Bush and Company.
Some want to call this socialism, but let's call it what it really is, Fascism! (Control of the policy by private business)
Who wants a million dollar home that should have never be built in the first place?
Related Questions:
Are equity loans better than getting a mortgage? if i could win a loan for like peas in a pod amount bewtween a?
mortgage and equity loan, does one have a better interest rate than the other overall? does an equity loan have an help or is it almost the same thing if...