…where is this $26 billion coming from?
Later: Thin air, apparently. It's not a payout like the tobacco settlement (which was something like ten times bigger, I understand) but a markdown of existing mortgages. It's just an adjustment to the books, in other words. How this might help people who have already been foreclosed upon and therefore have no mortgages is unclear. To me. But may not remain so.
Later later: Ahhh. People who've already lost their homes get $2,000.
No comments:
Post a Comment