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Feel free to reply to any comment by clicking the "Reply" button.Interesting. But seems odd......what will prevent borrowers, knowing a form of "forgiveness" is out there, from simply walking away?
AnneWimsey
Level 9
Feb 21, 2019
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@ToolGuy they are talking about "loan forgiveness"...that means to me arrears are wiped away, loan renegotiated at a lower rate going forward, right? The asset remains utouched
@ToolGuy so, over your head? Walk away, or purposely get it over your head by mismanagement, to get big benefits.....unfortunately this alone would cause the whole thing to tank, IMO
@ToolGuy saying If you were involved in this idea, and found yourself with no profits & increasing debt ("over your head" ) walking away under this plan would not be nearly as lucrative as staying, renegotiating/getting forgiveness of your liabilities under lower rates,past forgotten. Why wouldn't you mismanage to get that deal?
@ToolGuy do not understand your bringing inNAIRU....only referring to universal greed.
@ToolGuy "jubilee"????
And it is called UNIVERSAL greed for a reason.....
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