Strings attached, Matt? What a novel idea.
Why would the banks feel obligated to set a precedent
when our government refuses to follow such sensible advice.
After all, no demands for a share of future profits (or
interest) were insisted upon when bailing out Goldman Sachs et
all. Best deal we negotiated was a return of
capital...if that. Could've easily demanded 50% of all future
profits in exchange for the lifeline they were thrown.
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Strings attached, Matt? What a
BOA offers principal reductions on Mortgages
Posted by RichieD on 8th of May 2012 at 03:18 pm
Strings attached, Matt? What a novel idea. Why would the banks feel obligated to set a precedent when our government refuses to follow such sensible advice. After all, no demands for a share of future profits (or interest) were insisted upon when bailing out Goldman Sachs et all. Best deal we negotiated was a return of capital...if that. Could've easily demanded 50% of all future profits in exchange for the lifeline they were thrown.