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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (361337)	12/13/2007 4:17:27 PM
From: TimF	Respond to of 1574509

Giving mortgages to people who can't pay them back, means you take a loss on a mortgage. Do that too often and your business will shrink or even disappear. There is a built in correction mechanism. They aren't giving the mortgages to the people effected; I'm talking in general terms, not the specific current plans for sub prime mortgages. As for the current plan maintaining the current interest rate can indeed mean creating a loss on the mortgage. It doesn't always, sometimes it will be "just a lower profit", but not always.