SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Nadine Carroll who wrote (270150)9/25/2008 5:28:37 AM
From: carranza2  Respond to of 793838
 
Exactly.

As I appreciate it, the price is to set on the assumption that the debt is good to maturity, i.e., full present value of the debt, a price impossible to get in the open market. No haircut, no pain.

This debt is very valuable now.

Does it mean the debtors now get their properties free and clear? I don't know. If so, I'll stop paying my mortgage. I don't think the government will foreclose on the properties as it did with the RTC.