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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: jmparret who wrote (87833)10/21/2007 11:56:49 AM
From: Metacomet  Read Replies (1) of 110194
 
I don't think they are contemplating amortizing the advance over 3 years.

The loan would serve as a bridge to maintain the asset, hopefully until "normal" market conditions return allowing a re-financing and payoff of the advance.

The downside is that the market may not return in 3 years and the loss of the earnings on the 401K merely delays the problem until one retires and, ostensibly, could have used the cash.

Another pay me now or pay me later scheme.

Anything to avoid dealing with reality.
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