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Banks: Doing Deals At Any Price?

let's see if I've got this right??: In order to remove liability for bad debt, you finance it's sale with more debt, that carries with it the insurance that your buyer/borrower can lay the debt right back on you if it proves worse than forecast.
And for this you forgo any possible upside to the original debt evaluation, and assume additional risk from the new borrower/old debt holder. All to merely move the original debt from your books.

And these people --wonder-- why they're in trouble--giving mortgages to people without jobs, or buying same from others who did!!

Well if Big Ben and the American taxpayer's got your back!!--Why not!!
Aug 14 12:44 pm |Rating: 0 0 |Link to Comment |View article

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Banks: Doing Deals At Any Price?

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