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U.S. "buying bad mortgages?" Will U.S. be doing foreclosures?
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gulliver
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Sat Sep-20-08 04:24 PM
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U.S. "buying bad mortgages?" Will U.S. be doing foreclosures? |
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This is probably a dumb question, but if the U.S. government "buys bad mortgages" doesn't that mean that the U.S. government will effectively be foreclosing on the mortgages?
Why can't the government back up the loans just enough to keep them current without actually buying them? If the mortgages weren't "bad" then the companies who hold them would no longer be holding bad mortgages. Any financial experts around here?
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