Posts tagged as:

absolve

Should bailout package absolve borrowers, not lenders?

June 7, 2010

Instead of saving the banks and financial institutions by buying up all this bad debt, and effectively making the individual home owner pay TWICE for his or her mortgage (once for the note, and once for the tax burden from the $700B package), should we not just absolve the lender of the debt. Step 1: [...]

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