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Loan Modification
: Mortgage Lender Implode-o-MeterObama to Secured Creditors: Drop Dead
By Implode-Explode Heavy Industries
Why would anyone lend money to heavily unionized companies knowing that if things went wrong, the president and his men could trash their security interests by executive decree, hold them up to public vilification, and subject them to future retribution by regulators?
Why would anyone buy the shares of TARP-backed banks or invest alongside them knowing that their executives have proven their willingness to sacrifice shareholders? interests and throw co-investors under the bus any time the president snaps his fingers?
Full post as published by Mortgage Lender Implode-o-Meter on May 04, 2009 (boomark / email).
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