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ToolGuy 9 Feb 21
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Interesting. But seems odd......what will prevent borrowers, knowing a form of "forgiveness" is out there, from simply walking away?

@ToolGuy they are talking about "loan forgiveness"...that means to me arrears are wiped away, loan renegotiated at a lower rate going forward, right? The asset remains utouched

@ToolGuy so, over your head? Walk away, or purposely get it over your head by mismanagement, to get big benefits.....unfortunately this alone would cause the whole thing to tank, IMO

@ToolGuy saying If you were involved in this idea, and found yourself with no profits & increasing debt ("over your head" ) walking away under this plan would not be nearly as lucrative as staying, renegotiating/getting forgiveness of your liabilities under lower rates,past forgotten. Why wouldn't you mismanage to get that deal?

@ToolGuy do not understand your bringing inNAIRU....only referring to universal greed.

@ToolGuy "jubilee"????
And it is called UNIVERSAL greed for a reason.....

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