barnaby33
“Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling”
That’s not “new math”. They teach it in any first year finance course.
There are still plenty of people who would take out sub prime mortgages. Demand is there. Supply isn’t there because it is no longer profitable.
Student Loan Consolidation. Many companies have stopped offering consolidation. They lose money on each loans so they stop selling them.
SO I don’t see why it is new math to say that if I can’t sell this product in the current environment at a price that generate a profit and I have the financial capital to hold on to it why would you not.
