Default on your mortgage? Get a new 40-year fixed rate loan @ 3%!!

Discussion in 'Wall St. News' started by bond tr4der, Nov 11, 2008.

  1. This is the deal of a century!a

    If that doesn't work, part of the principal will be made 0% for life. In the worse case scenarios, there will be principle reductions.
  2. dhpar


    who the f#ck is going to pay for all this? this is insane - let's bail out everybody and everybody will pay max 38% of his salary for his mortgage.
    maybe we could also say that everybody should pay max 5% for his car, 7% for his food, 10% for his entertainment etc. the rest is paid by increasing debt, i.e. money in circulation. long live free america...