Re: Elections 2012:What unites us is greater than what divides us
http://www.google.com/url?sa=t&rct=...8pDOAw&usg=AFQjCNEJO70as7ua2P0Z0ldyGwXuQzlZWQ
Somebody gets it.
But as a business, they are all unprofitable, I wasn't speaking only to failed mortgages. Whether it is mortgages or student loans at 3%, they are losing money on every dollar lent. Losses are greater than what they are charging much less processing, collecting, funding etc.
Nobody likes the bailouts, but we are bailing out the government every single day of the year. Who really knows the cost of sourcing, processing, funding, servicing, collecting and recovering those loans? Surely the government doesn't report all in costs on anything. Nor do they count losses against the cost of programs like this...they just lose the money and raise taxes.
http://www.google.com/url?sa=t&rct=...8pDOAw&usg=AFQjCNEJO70as7ua2P0Z0ldyGwXuQzlZWQ
Somebody gets it.