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User Info	Would the gov pay people's mortgage?; entered at 2007-12-01 15:17:33
Jinxx0r Posts: 3707 Registered: 2007-08-10 People's Republic of Illinois	ok, so when the bonds they have RIGHT NOW go to a face value of 0 due to the defaults and they're worthless how anxious you think investors will be to lend money again for new bonds? You really don't think it's better to have a reduced coupon instead of a zero coupon? You'll say they are insured, but I think it's been pointed out that ABK and the others can't possibly cover the insurance on all of these bonds. So again, you think it would be better to impode the whole thing to fix it... what makes you think people will ever buy these again if you take the current ones to zero with your solution to the problem? Last modified: 2007-12-01 15:18:36 by jinxx0r 2007-12-01 15:17:33