What a joke. Someone can’t make the loan payment and then you call it paid by lending them the money to pay it? It’s no wonder the new loans are only worth 1.7 cents on the dollar. But I am sure that will be magically revalued upward if this gets much bad public attention. The source for the other 98.3 cents? If you pay taxes, that would be you. Many thanks for yet another highly effective wealth transfer scheme go to Barney Frank, Chris Dodd, Tim, Larry etc., all busy “saving our economy”.
