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User Info Can they stop the bubble from deflating?; entered at 2007-12-02 14:04:49
Gmak
Posts: 10179
Registered: 2007-07-27 Re-inventing the future at the speed of time.
SOunds like they're adopting the solution that Canadian banks did in the 1970s.

The 40 year term is interesting. Guess we are about to get multi-generational mortgages like they had/have in Japan.

Wonder if the 7 year term is due to matching their own funding, or due to a macroeconomic view on inflation? Probably the former.
2007-12-02 14:04:49