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re: The CDC now has legal power in the Chocolate City

Posted on 9/4/20 at 7:08 am to
Posted by elprez00
Hammond, LA
Member since Sep 2011
29476 posts
Posted on 9/4/20 at 7:08 am to
quote:

The funny thing is...the fricking banks don't want all these damn properties on their balance sheets ... so who knows where this leads in a few months

I’ve asked from the start “What’s the end game?”

You can’t expect lenders to eat a years worth of mortgage payments. You cant modify 20% (or whatever the number is up to now) of all mortgages, because that’s still denying the years worth of income. So what’s the end game? Are we going to forgive the debt and give the lenders a stimulus?

So what about all of us folks that have continued to pay their bills? I guess we should just get fricked, right?
This post was edited on 9/4/20 at 7:09 am
Posted by arseinclarse
Member since Apr 2007
34528 posts
Posted on 9/4/20 at 8:16 am to
quote:

So what about all of us folks that have continued to pay their bills? I guess we should just get fricked, right?




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