Swiss Cheese? Does our legal system smell funny? No, it just has many holes. While not a perfect system, it is better than many other legal systems found around the world.
I’m not really sure where to begin my ramblings, so don’t mind if thoughts are mixed. A Read more…
Can someone please explain to me why this matters? These people bought their homes at X, and now their homes are worth less than X. If they are allowed to refinance at the current value, their equity will shoot up when the marketing comes back to life.
100% (fake stat) of people that finance cars owe more than their cars value. The only difference is the car value will not go up, but the house value will. Hell, I owe more on my car than it’s worth. Where is my government bailout? I want my cheese Obama. I’ll take cash, check, paypal.